RTXRTX Corporation
Options Analysis Report•AIRCRAFT ENGINES & ENGINE PARTS
Market Cap $264.4B|NYSE
● 2026-04-17$196.42
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +55.7%YTD +4.9%7D -2.6%
Options Vol
20,999
30D
Implied Move
±10.9%
IV Rank
66%
RTX Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
4.2
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 50.5% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.57x — IV premium over HV
Sector Relative≤50%
Sector percentile 50% — below sector median
Term Structure
<1.1xFront/Back 1.68x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 36.4% — normal range
Spread-Adjusted Value
<80%Effective IV 55.8% (ATM 36.4% + spread 9.7% + bias) — good value
Execution Efficiency
<3.0%Total drag 16.22% (spread 9.68% + slippage 6.54%) — high friction
Vega Efficiency
≥5.0Vega efficiency 60.74 (vega 58.799 / spread 9.68%) — efficient
Sentiment
Bullish or bearish?
5.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Moderate signal (Conviction: +26%, Raw: +22%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +26% (bullish) — Raw: +22%
OI Skew Magnitude
≥15%|OI skew| 16.8% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -30.9%, OI skew +16.8% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 20%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -2%, ATM: +8%, OTM: +26% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 83% — very bearish vs sector
Activity
Unusual activity?
5.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 1.1x avg — normal
Turnover Rate
≥15%Vol/OI 7.5% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +9.7% (5d) — building
Sector Relative≥60%
Sector activity percentile 76% — active vs sector
Trade Quality
≥30%Large trade volume 38% — institutional presence
Execution Urgency
≥60%Aggressive execution 45% — patient
Flow Conviction
≥30Conviction +26 (bullish) — mixed
Liquidity
Can I trade efficiently?
4.6
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 9.7% — wide
Adequate OI
≥10,000OI 279,061 — deep
Active Volume
≥500Volume 20,999/day — active
Reasonable Cost
≤$0.50$0.48 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 52% — neutral vs sector
Order Book Depth
≥100 contractsDepth 172.2 contracts (bid:74.0 ask:98.2) — adequate
Execution Quality
<1.0%Avg slippage 6.54% — poor
Timing
Is now a good time?
7.6
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +68.4% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 50% — neutral
Event Detection
≥10pts kinkIV kink 18.3pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1202.43 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 4d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +26% @ 63% consistency — moderate (bullish)
Smart Money Timing
≥40 composite scoreScore 68 (ITM 20% + inst 38%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.1
bullishIV fair, mixed flow
Long Puts4.9
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.7
bullishIV fair, mixed flow
Covered Call5.4
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.