RTX's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a bullish sentiment towards RTX (NYSE:RTX), with a significant portion of trades being calls over puts. Investors are targeting a price range of $85.0 to $135.0 for RTX in the coming months. Notable trades include both bullish calls and puts, with expectations for price movements within specific strike prices. RTX, a major aerospace and defense company, has seen its stock price slightly decrease by -0.32% to $101.03, with analysts giving mixed but generally positive ratings and target prices ranging from $105 to $120. The company's next earnings report is expected in 12 days.
April 11, 2024 | 5:46 pm
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RTX shows bullish options activity with a price target range of $85-$135. Analysts have mixed ratings with targets up to $120. The stock is currently down at $101.03, with earnings expected soon.
The bullish options activity, combined with positive analyst ratings and an upcoming earnings report, suggests potential short-term upside for RTX. The current slight decrease in stock price may present a buying opportunity ahead of the earnings announcement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100