Traders make bullish bets on United Technologies-Raytheon deal despite activist pushback $UTX $RTN (via OptionsAction)
"It's common to see above-average activity in the options of stocks that are involved in deal activity," Khouw said, noting that the most active strike calls in United Technologies' stock were the June $124 strikes, which cost about $2.40 each.
United Technologies shares were up by less than 1% in midafternoon trading Thursday, hovering around $124.50 a share.
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