Defense Stock RTX Corp is a High Flyer - What's The Best Play Here?

RTX Corp. (RTX), parent of defense companies Raytheon, Collins, Pratt & Whitney, may have reached a short-term peak. But shorting out-of-the-money (OTM) puts may be a good play. Investors can make a 1.5% yield over the next month at a 10% lower exercise price. This article will discuss that play.

RTX stock closed at $196.21 last week, off its recent peak of $212.16 on March 2, but up from a recent trough of $187.15 on March 30. It may be jumping around with every move in the Iran war.