What the Options Market Tells Us About RTX

Whales with a lot of money to spend have taken a noticeably bearish stance on RTX.Looking at options history for RTX (NYSE:RTX) we detected 13 trades.If we consider the specifics of each trade, it is accurate to state that 23% of the investors opened trades with bullish expectations and 53% with bearish.From the overall spotted trades, 3 are puts, for a total amount of $142,325 and 10, calls, for a total amount of $584,675.Expected Price MovementsTaking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $150.0 to $205.0 for RTX over the last 3 months. Insights into Volume & Open InterestIn terms of liquidity and interest, the mean open interest for RTX options trades today is 703.36 with a total volume of 2,062.00.In the following chart, we are able to follow the development of volume and open interest of call and put options for RTX's big money trades within a strike price ...Full story available on Benzinga.com