Looking At RTX's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Raytheon Technologies Corporation (RTX), with a mix of bullish and bearish stances. Whales have been targeting a price range from $65.0 to $100.0 for RTX over the last 3 months. The current price of RTX is down -0.87% at $84.72, and RSI indicators suggest the stock may be oversold. The next earnings are expected in 82 days.
August 04, 2023 | 2:06 pm
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Unusual options activity has been observed for RTX, with a mix of bullish and bearish stances. The current price of RTX is down -0.87% at $84.72, and RSI indicators suggest the stock may be oversold.
The unusual options activity indicates that there is a significant interest in RTX's stock, which could lead to increased volatility. The mix of bullish and bearish stances suggests uncertainty about the stock's future direction. The current price drop and oversold RSI indicators could potentially attract buyers looking for a bargain, but it also indicates a bearish sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100