RTX (RTX) options memo

The Read

RTX is down 1.02% today at $220.48.

Options traders lean neutral into 2026-07-24, and neutral further out.

A move through $195.30 would change how dealers hedge this stock.

Key numbers

• Spot: $220.48
• Lean: neutral
• Nearest expiry: Fri 8/14
• Implied move: 1.5%
• ATM implied volatility: 28.9%
• Max pain: $217.50
• Pin strike: $222.50
• Gamma flip: $217.92
• Dealer positioning: SHORT GAMMA
• Call wall: $225.00
• Put wall: $222.50
• Put/call open interest: 1.649