A whale with a lot of money to spend has taken a noticeably bullish stance on RTX.
Looking at options history for RTX RTX we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 72% of the investors opened trades with bullish expectations and 27% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $162,350 and 7, calls, for a total amount of $338,335.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $95.0 for RTX over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for RTX options trades today is 2589.5 with a total volume of 2,491.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for RTX's big money trades within a strike price range of $70.0 to $95.0 over the last 30 days.
RTX Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RTX | CALL | TRADE | BULLISH | 01/17/25 | $90.00 | $78.0K | 5.4K | 500 |
| RTX | CALL | TRADE | NEUTRAL | 01/17/25 | $90.00 | $76.0K | 5.4K | 800 |
| RTX | PUT | SWEEP | BULLISH | 11/17/23 | $75.00 | $62.3K | 4.7K | 338 |
| RTX | CALL | TRADE | BULLISH | 01/17/25 | $70.00 | $45.8K | 269 | 0 |
| RTX | PUT | TRADE | BEARISH | 01/16/26 | $95.00 | $40.4K | 43 | 0 |
Where Is RTX Standing Right Now?
- With a volume of 1,617,195, the price of RTX is up 0.8% at $75.68.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 34 days.
What The Experts Say On RTX:
- RBC Capital downgraded its action to Sector Perform with a price target of $82
- TD Cowen has decided to maintain their Outperform rating on RTX, which currently sits at a price target of $99.
- DZ Bank downgraded its action to Hold with a price target of $79
- JP Morgan has decided to maintain their Overweight rating on RTX, which currently sits at a price target of $87.
- Barclays downgraded its action to Equal-Weight with a price target of $75
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for RTX, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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