Best Options Strategy for RTX
Looking for the best options strategy for RTX (Raytheon) (RTX)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live RTX option chain right now, and a simple map from your view on RTX to the strategy that fits it. Model any of them in the calculator before you trade.
About RTX
RTX (Raytheon) (RTX) is a major company in aerospace and defense. Options traders on RTX tend to watch defense budgets, engine demand and earnings, since these can drive large moves in the share price.
RTX for options traders
RTX operates in aerospace and defense, a sector where implied volatility tends to stay structurally low by large-cap standards. The business is anchored by long-term government contracts and multi-year production programs, which smooth revenue in a way that equity markets reward with relatively compressed IV. Options liquidity is solid — spreads are tight at near-the-money strikes and open interest is reasonable across a range of expirations — making the name accessible for most strategy types without excessive slippage.
Because IV runs low, premium sellers are naturally drawn to RTX: covered calls are a staple for shareholders looking to generate income on a slow-moving stock, and short puts can offer an attractive entry point at desired strikes. When defense budgets, geopolitical tensions, or procurement cycles shift in the headlines, RTX can see sudden directional moves that make directional spreads — bull call spreads or bear put spreads — worth considering. Earnings quarters occasionally produce a pop or drop if margins on commercial aerospace parts surprise, making a defined-risk strangle a measured way to position around those events without overpaying for the typically modest IV.
Today's top-scoring strategy for RTX
Our engine ranks defined-risk strategies on the live RTX chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.
| Action | Qty | Type | Strike | Premium |
|---|---|---|---|---|
| Buy | 1× | CALL | $95 | $5.69 |
| Sell | 2× | CALL | $100 | $2.22 |
| Buy | 1× | CALL | $105 | $0.55 |
Simulation
Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.
Strategy analysis
Greeks vs price
Price × volatility (today)
| −30% | −15% | IV | +15% | +30% | |
|---|---|---|---|---|---|
| $125 | −$179 | −$179 | −$179 | −$178 | −$178 |
| $120 | −$179 | −$179 | −$178 | −$176 | −$174 |
| $115 | −$178 | −$176 | −$171 | −$165 | −$158 |
| $110 | −$162 | −$149 | −$137 | −$127 | −$120 |
| $105 | −$57 | −$54 | −$55 | −$60 | −$65 |
| $100 | $61 | $27 | $1 | −$20 | −$37 |
| $95 | −$66 | −$62 | −$63 | −$67 | −$72 |
| $90 | −$169 | −$160 | −$150 | −$141 | −$134 |
| $85 | −$179 | −$178 | −$176 | −$173 | −$170 |
| $80 | −$179 | −$179 | −$179 | −$178 | −$178 |
| $75 | −$179 | −$179 | −$179 | −$179 | −$179 |
Illustrative example at RTX's latest available price, computed with the same engine as the tool. Live option fills and the real IV skew refresh during US market hours.
Implied volatility
RTX typically trades with low implied volatility, which keeps its option premiums relatively cheap. Implied volatility drives option prices, so it is worth checking the live chain before you trade.
RTX insider trading activity (SEC Form 4)
Open-market insider transactions at RTX over roughly the last six months, from SEC Form 4 filings. Open-market buys are the rarer, more telling signal — routine selling under pre-arranged plans is common, so read a net-selling figure with that in mind.
| Insider | Action | Shares | Value | Date |
|---|---|---|---|---|
| DaSilva Kevin G | Sell | 2,250 | $488K | 2026-07-28 |
| Atkinson Tracy A | Sell | 2,295 | $500K | 2026-07-27 |
| Brunk Troy D | Sell | 6,746 | $1.4M | 2026-07-24 |
| Brunk Troy D | Sell | 1,811 | $381K | 2026-07-24 |
| DaSilva Kevin G | Sell | 4,760 | $1.0M | 2026-07-24 |
| Williams Dantaya M | Sell | 12,713 | $2.6M | 2026-02-23 |
Source: SEC Form 4 filings via Finnhub. Open-market purchases (P) and sales (S) only — grants, option exercises, gifts and tax withholding are excluded. Informational context, not investment advice.
RTX congressional trading (STOCK Act)
Recent RTX stock trades disclosed by members of the US Congress under the STOCK Act. Lawmakers must report trades within 45 days; amounts are disclosed only as broad ranges, and a trade is not an endorsement — treat it as context, not a signal.
| Member | Chamber | Action | Amount | Date |
|---|---|---|---|---|
| Alan Armstrong | Senate | Buy | $15,001 - $50,000 | 2026-03-27 |
Source: US House & Senate financial disclosures via Financial Modeling Prep. Amounts are the disclosed ranges. Informational context, not investment advice.
Earnings & IV crush
RTX's next earnings report is due around October 20, 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.
Dividend and assignment risk
RTX pays a dividend of about 1.4% a year, so short or covered calls on it carry early-assignment risk around each ex-dividend date — in-the-money calls are most exposed just before the stock goes ex-dividend.
Key figures
- Market cap
- $293.7B
- Beta (vs market)
- 0.29
- 52-week range
- $150.61–$221.34
- Short interest
- 1.3% of float · 3.5 days to cover
How to choose an options strategy for RTX
Start with your outlook on RTX, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:
Bullish
Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.
Long Call → Bull Call Spread →Bearish
Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.
Long Put → Bear Put Spread →Neutral
Sell an iron condor to collect premium while RTX stays between two strikes, or write a covered call against shares you already own.
Iron Condor → Covered Call →⧉ Embed this free calculator on your site →
How we pick the best strategy
For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →
Open RTX in the free calculator →
Frequently asked questions
What is the best options strategy for RTX?
It depends on your outlook. Bullish traders often use a long call or bull call spread on RTX; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.
Are RTX options liquid enough to trade?
RTX (Raytheon) (RTX) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.
How much money do I need to trade RTX options?
Buying a single RTX call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.
Is this financial advice?
No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade RTX or any security. Do your own research.
What does RTX (Raytheon) do?
RTX (Raytheon) (RTX) operates in the Aerospace & Defense industry. The "About RTX (Raytheon)" section above gives a fuller picture of what the company does and how it earns money.
Does RTX (Raytheon) pay a dividend?
Yes — RTX (Raytheon) currently pays a dividend yielding about 1.4%. If you hold the shares (for example to write a covered call), the ex-dividend date can trigger early assignment, so check it beforehand.
When does RTX (Raytheon) next report earnings?
RTX (Raytheon)'s next earnings are expected around October 20, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.
Tickers related to RTX
Comparing RTX with similar names can help you choose the best options strategy:
Company information
- Headquarters
- 1000 Wilson Boulevard, Arlington, VA, 22209, United States
- Industry
- Aerospace & Defense
- Employees
- 180,000
- CEO
- Mr. Christopher T. Calio J.D.
- Phone
- 781 522 3000
- Website
- www.rtx.com
- Investor relations
- www.utc.com/Investor+Relations
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Educational use only. Quotes are delayed ~15 minutes and nothing here is financial advice. Options trading involves substantial risk of loss. Privacy · Terms.