Looking At RTX's Recent Unusual Options Activity

Someone with a lot of money to spend has taken a bullish stance on RTX RTX.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with RTX, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 14 uncommon options trades for RTX.

This isn't normal.

The overall sentiment of these big-money traders is split between 71% bullish and 28%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $89,670, and 12 are calls, for a total amount of $1,015,525.

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 $85.0 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 1655.0 with a total volume of 8,682.00.

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 $65.0 to $85.0 over the last 30 days.

RTX Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is RTX Standing Right Now?

• With a volume of 3,195,702, the price of RTX is down -0.4% at $69.1.
• RSI indicators hint that the underlying stock may be oversold.
• Next earnings are expected to be released in 18 days.

What The Experts Say On RTX:

• JP Morgan has decided to maintain their Overweight rating on RTX, which currently sits at a price target of $87.
• DZ Bank downgraded its action to Hold with a price target of $79
• Wells Fargo has decided to maintain their Equal-Weight rating on RTX, which currently sits at a price target of $78.
• Barclays downgraded its action to Equal-Weight with a price target of $75
• RBC Capital downgraded its action to Sector Perform with a price target of $82

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.