Lockheed Martin's Options: A Look at What the Big Money is Thinking
Investors with a lot of money to spend have taken a bearish stance on Lockheed Martin (NYSE:LMT).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LMT, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Lockheed Martin.
This isn't normal.
The overall sentiment of these big-money traders is split between 11% bullish and 33%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $40,000, and 8, calls, for a total amount of $579,194.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $380.0 to $500.0 for Lockheed Martin during the past quarter.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Lockheed Martin's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Lockheed Martin's significant trades, within a strike price range of $380.0 to $500.0, over the past month.
Lockheed Martin Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LMT | CALL | TRADE | BULLISH | 09/20/24 | $13.5 | $13.2 | $13.5 | $480.00 | $132.3K | 615 | 98 |
| LMT | CALL | SWEEP | NEUTRAL | 06/21/24 | $43.0 | $39.8 | $41.5 | $430.00 | $116.2K | 349 | 35 |
| LMT | CALL | TRADE | NEUTRAL | 09/20/24 | $13.7 | $13.3 | $13.5 | $480.00 | $110.7K | 615 | 180 |
| LMT | CALL | SWEEP | BEARISH | 07/19/24 | $9.7 | $9.4 | $9.4 | $475.00 | $71.4K | 4.1K | 408 |
| LMT | CALL | TRADE | BEARISH | 07/19/24 | $10.0 | $9.7 | $9.8 | $475.00 | $49.0K | 4.1K | 191 |
About Lockheed Martin
Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Lockheed's largest segment is aeronautics, which derives upward of two-thirds of its revenue from the F-35. Lockheed's remaining segments are rotary and mission systems, mainly encompassing the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.
Current Position of Lockheed Martin
- With a volume of 453,335, the price of LMT is up 1.22% at $474.32.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 39 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Lockheed Martin, Benzinga Pro gives you real-time options trades alerts.