Deep-pocketed investors have adopted a bearish approach towards RTX RTX, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RTX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for RTX. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 20% leaning bullish and 60% bearish. Among these notable options, 5 are puts, totaling $308,930, and 5 are calls, amounting to $943,808.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $105.0 for RTX over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for RTX's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of RTX's whale trades within a strike price range from $90.0 to $105.0 in the last 30 days.
RTX Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RTX | CALL | TRADE | BEARISH | 06/20/25 | $8.3 | $7.5 | $7.5 | $105.00 | $750.0K | 206 | 2 |
| RTX | PUT | SWEEP | BEARISH | 06/20/25 | $6.55 | $6.5 | $6.55 | $100.00 | $104.8K | 1.5K | 5 |
| RTX | PUT | SWEEP | NEUTRAL | 01/16/26 | $7.4 | $6.25 | $6.4 | $95.00 | $62.0K | 1.2K | 24 |
| RTX | PUT | SWEEP | BEARISH | 07/05/24 | $1.55 | $1.55 | $1.55 | $102.00 | $62.0K | 584 | 0 |
| RTX | CALL | SWEEP | BEARISH | 01/17/25 | $4.75 | $4.7 | $4.7 | $105.00 | $56.4K | 8.2K | 0 |
About RTX
RTX is a diversified aerospace and defense industrial company formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to commercial aerospace manufacturers and to the defense market. The company operates in three segments: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, an aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.
In light of the recent options history for RTX, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of RTX
- With a volume of 2,973,104, the price of RTX is down -0.41% at $101.15.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 27 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for RTX with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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