RTX – Defense sector strength backed by structure

Put Credit Spread Aug 140/130 | Entry: -1.81 | POP 76%

🚀 Technical & Macro Context:
Raytheon Technologies (RTX) is surging amid escalating geopolitical tensions (Iran–Israel conflict) and renewed strength in defense sector fundamentals. The stock has broken multiple resistance levels and is now trading in a parabolic move within a widening bullish channel.

📌 Technically backed setup:
✅ Clear Break of Structure (BoS) confirmed and respected.
🧱 Strong 4H demand zone between $135.25–$130.95.
📉 RSI trending high but not overheated.
📈 MACD remains bullish with wide separation.

This zone aligns with:
Dynamic support (EMA20).
38–50% Fibonacci retracement.
Previous consolidation zone now acting as demand.

🔒 Spread Structure:
Sell Put $140 (Aug 15)
Buy Put $130 (Aug 15)
Probability of Profit (POP): 76%

📉 Invalidation below $130 with volume. Will reassess if demand fails.

📷 The chart already illustrates the setup with institutional logic, break levels, and supply/demand zones.

🔍 If you enjoy structured option setups, technicals with context, and high-probability spreads,
👉 Follow me for more trade ideas like this.

📈 Weekly updates | 🎯 Conviction trades | 🧠 Smart risk-reward