Deep-pocketed investors have adopted a bearish approach towards RTX (NYSE:RTX), and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RTX usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga’s options scanner highlighted 12 extraordinary options activities for RTX. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 25% leaning bullish and 41% bearish. Among these notable options, 8 are puts, totaling $273,962, and 4 are calls, amounting to $344,566.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $165.0 to $200.0 for RTX during the past quarter.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for RTX’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across RTX’s significant trades, within a strike price range of $165.0 to $200.0, over the past month.

RTX Option Volume And Open Interest Over Last 30 Days