RTX Options Traders Bet Big on Downside With $1.2M Put Contract Deep in the Money
By TrendSpider Editor
RTX market update based on latest unusual_options data.
RTX Options Traders Bet Big on Downside With $1.2M Put Contract Deep in the Money
RTX Corporation is drawing attention in the options market after a single unusual put contract worth $1,207,500 in premium landed on the tape, flagging a notable bearish positioning in the defense and aerospace giant. The stock is currently trading at $175.98, up 2.86% on the session, yet the options flow tells a more cautious story. That price sits in the lower half of RTX's 52-week range of $127.39 to $214.50, leaving significant distance from its prior highs.Key Drivers of the RTX Stock Move
- Main Catalyst: A single put contract at the $190 strike expiring January 15, 2027 printed with a size of 500 contracts and $1,207,500 in total premium. The contract is currently in the money, with the $190 strike sitting above the current price of $175.98, and open interest utilization stands at 61%.
- Bull Case: Despite the bearish options flow, RTX shares are showing intraday strength with a 2.86% gain on the session. The stock remains well above its 52-week low of $127.39, suggesting underlying demand and a meaningful recovery off the bottom of its annual range.
- Bear Case: The $190 put is in the money and carries $1,207,500 in premium, representing a high-conviction directional bet that RTX will remain below $190 through January 2027. A single contract of this size with 61% open interest utilization suggests this is not a routine hedge, but a deliberate short-side position by a well-capitalized trader.
RTX Unusual Options Activity
- Type: Put | Strike: $190 | Expiry: January 15, 2027 | Volume (Size): 500 contracts | Open Interest Utilization: 61% | Status: In the Money
RTX Seasonality
Mid-May through early summer has historically been a transitional period for defense sector stocks, as the federal budget outlook, congressional appropriations activity, and earnings guidance cycles tend to drive positioning. A January 2027 expiry suggests the buyer is looking past near-term catalysts and positioning for a multi-quarter thesis.RTX Relative Performance
RTX is outperforming on the session with a gain of 2.86%, pushing its current price to $175.98. However, the stock remains roughly 18% below its 52-week high of $214.50, underscoring that even with today's strength, RTX has significant ground to recover relative to where it traded at its best point over the past year. The bearish options flow adds a layer of skepticism about whether that recovery will materialize within the next several months.More on RTX
- RTX Stock Climbs Toward 52-Week High as Defense Giant Holds Strong Momentum
- RTX Corporation Hovers Near 52-Week High as Stock Trades at $222.93
- RTX Corporation Climbs 1.21% and Closes In on 52-Week High as Defense Demand Stays Strong
- RTX Corporation Holds Near 52-Week High Despite Modest Tuesday Pullback
- RTX Corporation Inches Higher as Stock Consolidates Just Below Its 52-Week Peak
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