Market Whales and Their Recent Bets on RTX Options
Portfolio Pulse from Benzinga Insights
Market whales have shown a bearish stance on RTX (NYSE:RTX) through recent options trades, with a sentiment split of 33% bullish and 66% bearish. The largest trades indicate a price window of $90.0 to $110.0 for RTX. Analysts have a consensus target price of $118.33 for RTX, with recent upgrades and outperform ratings. RTX's current market position shows a slight price increase to $97.8, with an overbought RSI indicator and an upcoming earnings announcement.
April 01, 2024 | 4:45 pm
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Bearish options trades by market whales on RTX, with a price target consensus of $118.33 by analysts. RTX's stock shows a minor increase with an overbought RSI, indicating potential volatility.
The bearish stance by market whales, combined with the overbought RSI indicator, suggests potential short-term price volatility for RTX. However, the positive analyst ratings and target price indicate underlying strength, creating a complex short-term outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100