Investors Take Bearish Stance on RTX: What Retail Traders Should Know
Investors with a significant amount of money to spend have recently taken a bearish stance on RTX, the aerospace and defense industrial company. This information was revealed through publicly available options history data that is tracked by Benzinga.
While it is unclear whether these investors are institutions or wealthy individuals, such a significant movement in RTX often indicates that someone may have insider knowledge of an upcoming event. Today, Benzinga’s options scanner identified 11 options trades for RTX, which is highly unusual.
The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. Out of the options uncovered, there was one put trade worth $52,547 and ten call trades totaling $1,395,671.
Analyzing the volume and open interest on these contracts, it appears that these investors have been targeting a price range of $60.0 to $90.0 for RTX over the last three months. This suggests that they expect the stock to experience significant movement within this range.
In today’s trading context, the average open interest for RTX options stands at 10,100.6, with a total volume of 9,210.00. The accompanying chart illustrates the progression of both call and put option volume and open interest for high-value trades in RTX within the strike price corridor of $60.0 to $90.0 over the last 30 days.
Several significant options trades have been detected for RTX. These include bearish call trades with an expiration date of 01/17/25 and a strike price of $90.00. The total trade prices range from $69.0K to $960.0K, with open interest ranging from 3.9K to 6.4K and volumes ranging from 119 to 2.3K.
RTX is a diversified aerospace and defense industrial company that was formed from the merger of United Technologies and Raytheon. The company operates in three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. It supplies commercial aerospace manufacturers and the defense market with a range of products and services.
To get a better understanding of RTX’s market status and performance, it is important to review its current trading volume, price, and other indicators. As of now, RTX has a trading volume of 4,012,404, and the stock price is down by 0.0%, reaching $80.19. The current RSI values indicate that the stock is in a neutral position between overbought and oversold. The next earnings report is scheduled for 55 days from now.
Trading options can involve greater risks but also offers the potential for higher profits. Savvy traders manage these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Retail traders who are interested in following the latest options trades for RTX can benefit from real-time alerts provided by Benzinga Pro.
In conclusion, the recent bearish stance taken by investors on RTX indicates that they anticipate significant movement in the stock’s price range. Retail traders should pay attention to these developments and consider how they may impact their own investment strategies.
