RTX's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a split sentiment on RTX (NYSE:RTX), with 50% bullish and 50% bearish, as per Benzinga's tracking of options data. A notable pattern emerged with 8 options trades, including 7 calls totaling $405,246 and 1 put for $29,670. The trades suggest a target price range for RTX between $70.0 and $95.0. RTX's current market status shows a 0.77% increase in stock price to $90.61, with indicators suggesting it may be approaching oversold. The next earnings report is expected in 54 days.
February 29, 2024 | 7:32 pm
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NEUTRAL IMPACT
RTX has seen mixed sentiment from high-rolling investors, with an equal split between bullish and bearish. The stock is currently up 0.77% at $90.61, and indicators suggest it may be approaching oversold territory. The next earnings report is expected in 54 days.
The mixed sentiment among investors, with a significant amount of options trading, suggests uncertainty about RTX's short-term direction. The current price increase and the approach to potentially oversold conditions could lead to volatility. However, the upcoming earnings report in 54 days will be crucial for more definitive price movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100