High-rolling investors have positioned themselves bullish on RTX RTX, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in RTX often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for RTX. This is not a typical pattern.
The sentiment among these major traders is split, with 62% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $164,200, and 7 calls, totaling $278,801.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $75.0 to $85.0 for RTX over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for RTX's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across RTX's significant trades, within a strike price range of $75.0 to $85.0, over the past month.
RTX Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RTX | PUT | SWEEP | BULLISH | 01/19/24 | $81.00 | $164.2K | 191 | 0 |
| RTX | CALL | TRADE | BULLISH | 02/16/24 | $85.00 | $53.0K | 5.7K | 308 |
| RTX | CALL | SWEEP | BULLISH | 01/19/24 | $75.00 | $46.8K | 2.5K | 2 |
| RTX | CALL | TRADE | NEUTRAL | 01/19/24 | $85.00 | $45.0K | 33.7K | 450 |
| RTX | CALL | TRADE | BEARISH | 04/19/24 | $85.00 | $42.3K | 2.3K | 119 |
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.
Where Is RTX Standing Right Now?
- Trading volume stands at 1,180,710, with RTX's price up by 0.37%, positioned at $82.31.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 32 days.
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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