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 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $51,000, and 7 calls, totaling $238,096.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $75.0 to $100.0 for RTX over the recent three months.
Volume & Open Interest Trends
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 $75.0 to $100.0 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 | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RTX | CALL | SWEEP | BULLISH | 01/17/25 | $100.00 | $63.5K | 3.7K | 292 |
| RTX | PUT | SWEEP | BEARISH | 01/16/26 | $85.00 | $50.9K | 134 | 0 |
| RTX | CALL | SWEEP | BULLISH | 01/19/24 | $85.00 | $40.6K | 33.6K | 740 |
| RTX | CALL | TRADE | BEARISH | 04/19/24 | $95.00 | $28.4K | 1.5K | 271 |
| RTX | CALL | SWEEP | BEARISH | 02/16/24 | $85.00 | $27.5K | 5.3K | 74 |
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.
RTX's Current Market Status
- With a volume of 2,111,133, the price of RTX is up 1.98% at $85.81.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 21 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.
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