Someone with a lot of money to spend has taken a bullish stance on RTX (NYSE: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.
Today, Benzinga’s options scanner spotted 13 options trades for RTX.
This isn’t normal.
The overall sentiment of these big-money traders is split between 76% bullish and 23%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $26,508, and 12, calls, for a total amount of $437,936..
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 $40.0 to $90.0 for RTX over the last 3 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 $40.0 to $90.0 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 | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RTX | CALL | SWEEP | BULLISH | 06/21/24 | $85.00 | $81.4K | 1.8K | 28 |
| RTX | CALL | TRADE | BULLISH | 01/17/25 | $85.00 | $51.5K | 3.3K | 100 |
| RTX | CALL | SWEEP | BULLISH | 06/21/24 | $90.00 | $41.2K | 2.4K | 288 |
| RTX | CALL | SWEEP | BULLISH | 02/16/24 | $45.00 | $38.6K | 15 | 0 |
| RTX | CALL | SWEEP | BEARISH | 01/19/24 | $75.00 | $33.3K | 3.4K | 346 |
Where Is RTX Standing Right Now?
- With a volume of 2,195,403, the price of RTX is down -0.26% at $73.79.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 7 days.
What The Experts Say On RTX:
- Alembic Global downgraded its action to Neutral with a price target of $81
- Wells Fargo has decided to maintain their Equal-Weight rating on RTX, which currently sits at a price target of $78.
- RBC Capital downgraded its action to Sector Perform with a price target of $82
- Morgan Stanley has decided to maintain their Equal-Weight rating on RTX, which currently sits at a price target of $83.
- UBS downgraded its action to Neutral with a price target of $80
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.
