Whales with a lot of money to spend have taken a noticeably bearish stance on RTX.
Looking at options history for RTX (NYSE:RTX) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $261,280 and 4, calls, for a total amount of $177,640.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $80.0 and $115.0 for RTX, spanning the last three months.
Volume & Open Interest Development
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 $80.0 to $115.0 in the last 30 days.
RTX Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
RTX | PUT | SWEEP | BEARISH | 11/15/24 | $10.1 | $9.95 | $10.1 | $115.00 | $121.2K | 269 | 122 |
RTX | CALL | TRADE | BEARISH | 06/07/24 | $2.1 | $1.9 | $1.88 | $105.00 | $94.0K | 1.2K | 508 |
RTX | PUT | SWEEP | BEARISH | 09/20/24 | $9.25 | $9.1 | $9.25 | $115.00 | $72.1K | 202 | 128 |
RTX | PUT | SWEEP | BEARISH | 09/20/24 | $9.3 | $8.15 | $9.3 | $115.00 | $41.8K | 202 | 46 |
RTX | CALL | TRADE | BEARISH | 06/07/24 | $1.39 | $1.37 | $1.37 | $106.00 | $30.1K | 331 | 231 |
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.
Following our analysis of the options activities associated with RTX, we pivot to a closer look at the company's own performance.
Where Is RTX Standing Right Now?
With a volume of 3,348,290, the price of RTX is up 0.82% at $106.27.
RSI indicators hint that the underlying stock may be approaching overbought.
Next earnings are expected to be released in 60 days.
What Analysts Are Saying About RTX
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $120.5.
Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for RTX, targeting a price of $100.
An analyst from Wells Fargo has decided to maintain their Overweight rating on RTX, which currently sits at a price target of $141.
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.