Investors with a lot of money to spend have taken a bearish stance on RTX RTX.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RTX, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 11 options trades for RTX.
This isn't normal.
The overall sentiment of these big-money traders is split between 27% bullish and 72%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $52,547, and 10, calls, for a total amount of $1,395,671.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $90.0 for RTX over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of RTX stands at 10100.6, with a total volume reaching 9,210.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in RTX, situated within the strike price corridor from $60.0 to $90.0, throughout the last 30 days.
RTX 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RTX | CALL | TRADE | BEARISH | 01/17/25 | $90.00 | $960.0K | 6.4K | 2.0K |
| RTX | CALL | TRADE | BEARISH | 01/17/25 | $90.00 | $96.0K | 6.4K | 2.2K |
| RTX | CALL | TRADE | BEARISH | 01/17/25 | $90.00 | $72.0K | 6.4K | 2.3K |
| RTX | CALL | SWEEP | BEARISH | 01/17/25 | $85.00 | $69.0K | 3.9K | 119 |
| RTX | PUT | SWEEP | BULLISH | 01/17/25 | $60.00 | $52.5K | 2.9K | 383 |
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.
After a thorough review of the options trading surrounding RTX, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is RTX Standing Right Now?
- With a trading volume of 4,012,404, the price of RTX is down by 0.0%, reaching $80.19.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 55 days from now.
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.
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