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Raytheon (RTX) Bull Weekly Set-Up with Bullish Options Flow

Raytheon (RTX) Bull Weekly Set-Up with Bullish Options Flow

by | Sep 22, 2021 | Open Interest Alerts

Raytheon (RTX) triggered this week and is working on a nice weekly bull engulfing as it continues to see support off longer-term moving averages and VWAP levels while weekly RSI held the key 50 level and rebounded. RTX looks to be forming a bull weekly wedge and above $86.85 volume node resistance can make a strong push higher as Aerospace markets recover. RTX had an opening sale of 2500 February $80 puts this week adding to the 1000 sold to open on 8/30 and has also seen 2500 June $85 calls bought for $2.2M and has 10,000 January $85 calls in open interest that may be a good contract to target.