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News

This Is What Whales Are Betting On RTX

Author: Benzinga Insights | June 13, 2024 04:04pm

Financial giants have made a conspicuous bearish move on RTX. Our analysis of options history for RTX (NYSE:RTX) revealed 10 unusual trades.

Delving into the details, we found 40% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $164,600, and 7 were calls, valued at $452,045.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $95.0 to $115.0 for RTX during the past quarter.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for RTX options trades today is 5445.86 with a total volume of 4,649.00.

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 $95.0 to $115.0 over the last 30 days.

RTX Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
RTX CALL SWEEP BULLISH 08/16/24 $1.78 $1.76 $1.76 $110.00 $192.7K 13.5K 1.3K
RTX PUT TRADE BULLISH 01/16/26 $5.35 $5.1 $5.05 $95.00 $101.0K 1.0K 2
RTX CALL TRADE BULLISH 08/16/24 $1.69 $1.54 $1.68 $110.00 $78.6K 13.5K 636
RTX CALL SWEEP BEARISH 07/19/24 $2.33 $2.3 $2.3 $105.00 $41.1K 9.9K 676
RTX CALL SWEEP BULLISH 08/16/24 $1.68 $1.63 $1.68 $110.00 $40.8K 13.5K 1.1K

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.

Present Market Standing of RTX

  • With a volume of 3,807,392, the price of RTX is down -1.79% at $104.86.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 40 days.

Professional Analyst Ratings for RTX

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $141.0.

  • An analyst from Wells Fargo persists with their Overweight rating on RTX, maintaining a target price of $141.

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.

Posted In: RTX