Raytheon Co (RTN) $34.94 +3.31%
Raytheon (RTN) is up $1.05 to $34.87 and directional sentiment in the options market seems bullish. 4,400 calls traded, compared to 500 puts. April 35 calls are the most actives, with 3,600 traded and 93-percent hitting ask-side. Looks like buyers taking positions on hopes today’s rally might continue.
Category: All Stocks, Industrial Goods & Services, Large Cap Stocks
Comments (6)
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
RTN action was mostly 3 big blocks, 804, 1000, and 1574…each of which looks tied to share positions…my thoughts are buying protection for new short position as shares form a massive bear flag that could break and lead to implied move to mid $20′s…do you see the equity blocks?
Some equity blocks traded this morning. You might be right. Seeing some activity in the May 35 and 47.5 calls in recent trade.
looks like it’s 4/23 on earns for RTN…might be some protection into earnings on the cheap if they were short prior, still trying to figure out what’s going on. GD popped a bit (as mentioned on whatstrading too on the institutional buy) after it got a few contracts, so perhaps this investor is thinking the same? Not sure, but for the long haul, I picked up a back month OTM defense sector index call (.DFX), but it’s June expiry…..
THIS POS DFX call sux my nutty
ok…..nvermind…….defense
ROX
hmmmm…..per Marketwatch (www.marketwatch.com)
4:34 p.m.
[RTN] Raytheon up 1.2% at $37.68 after dividend-hike announcement
Thanks. Looks like a winner.
If you want a more recent put and call volume chart, enter the symbol RTN into the search box at the top of the page. then, mouse over and see the put and call volume.
have fun!