RTX Unusual Options Activity For April 29
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a predominantly bearish sentiment towards RTX (NYSE:RTX), with unusual options activity detected by Benzinga. A significant volume of puts and calls were observed, indicating expectations of price movements between $100.0 and $110.0. RTX, a major aerospace and defense company, is currently trading up by 0.96% at $102.38, with potential overbought signals. Analysts have given mixed ratings with an average target price of $110.0.

April 29, 2024 | 4:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
RTX has seen unusual options activity indicating a bearish sentiment among investors, with the stock currently trading up and analysts providing mixed ratings.
The bearish sentiment from deep-pocketed investors, as indicated by the unusual options activity, suggests a potential short-term downside for RTX. Despite the current uptick in stock price, the overbought signals and the mixed analyst ratings with an average target price of $110.0 could limit upward momentum. The significant attention from options traders, combined with the detailed analysis of options contracts, underscores the market's focus on RTX's future price movements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100