Financial giants have made a conspicuous bearish move on RTX. Our analysis of options history for RTX (NYSE:RTX) revealed 12 unusual trades.
Delving into the details, we found 41% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $104,495, and 9 were calls, valued at $391,009.
What’s The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $55.0 to $110.0 for RTX over the recent three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in RTX’s options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to RTX’s substantial trades, within a strike price spectrum from $55.0 to $110.0 over the preceding 30 days.
RTX Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RTX | CALL | SWEEP | BULLISH | 09/20/24 | $2.88 | $2.6 | $2.68 | $110.00 | $101.5K | 1.7K | 390 |
| RTX | CALL | SWEEP | BULLISH | 06/21/24 | $1.85 | $1.75 | $1.85 | $105.00 | $59.6K | 6.6K | 601 |
| RTX | CALL | TRADE | BEARISH | 06/21/24 | $51.85 | $49.85 | $50.22 | $55.00 | $50.2K | 32 | 25 |
| RTX | CALL | SWEEP | NEUTRAL | 05/31/24 | $0.78 | $0.62 | $0.63 | $106.00 | $38.9K | 205 | 687 |
| RTX | PUT | SWEEP | BULLISH | 05/24/24 | $0.56 | $0.55 | $0.55 | $104.00 | $36.3K | 133 | 783 |
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.
RTX’s Current Market…
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