Decoding RTX's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bullish 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 54% bullish and 45%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $104,000, and 10, calls, for a total amount of $790,529.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $75.0 and $100.0 for RTX, spanning the last three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for RTX options trades today is 3086.57 with a total volume of 6,770.00.

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 $75.0 to $100.0 over the last 30 days.

RTX Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

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.

Current Position of RTX

• With a volume of 3,762,883, the price of RTX is down -0.37% at $81.56.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 39 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.