A whale with a lot of money to spend has taken a noticeably bearish stance on RTX.
Looking at options history for RTX RTX we detected 12 strange trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $650,274 and 7, calls, for a total amount of $398,678.
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 $65.0 to $73.0 for RTX over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $65.0 to $73.0 in 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 | PUT | TRADE | BULLISH | 01/17/25 | $70.00 | $536.0K | 1.7K | 865 |
| RTX | CALL | SWEEP | BULLISH | 05/17/24 | $70.00 | $92.8K | 16 | 316 |
| RTX | CALL | SWEEP | BEARISH | 01/19/24 | $65.00 | $69.7K | 132 | 0 |
| RTX | CALL | TRADE | BEARISH | 05/17/24 | $70.00 | $64.4K | 16 | 184 |
| RTX | CALL | TRADE | BEARISH | 05/17/24 | $70.00 | $63.9K | 16 | 92 |
Where Is RTX Standing Right Now?
- With a volume of 6,789,857, the price of RTX is down -0.88% at $71.34.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 22 days.
What The Experts Say On RTX:
- Morgan Stanley has decided to maintain their Equal-Weight rating on RTX, which currently sits at a price target of $83.
- TD Cowen has decided to maintain their Outperform rating on RTX, which currently sits at a price target of $99.
- Barclays downgraded its action to Equal-Weight with a price target of $75
- JP Morgan has decided to maintain their Overweight rating on RTX, which currently sits at a price target of $87.
- Alembic Global downgraded its action to Neutral with a price target of $81
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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