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Unpacking the Latest Options Trading Trends in Lockheed Martin

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Whales with a lot of money to spend have taken a noticeably bearish stance on Lockheed Martin.

Looking at options history for Lockheed Martin LMT we detected 12 trades.

If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $257,498 and 6, calls, for a total amount of $205,230.

What’s The Price Target?

After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $250.0 and $460.0 for Lockheed Martin, spanning the last three months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Lockheed Martin’s options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lockheed Martin’s whale activity within a strike price range from $250.0 to $460.0 in the last 30 days.

Lockheed Martin 30-Day Option Volume & Interest Snapshot

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Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
LMT PUT TRADE BULLISH 03/01/24 $460.00 $82.0K 490 20
LMT PUT SWEEP NEUTRAL 03/01/24 $455.00 $66.6K 484 20
LMT CALL SWEEP BULLISH 03/15/24 $435.00 $51.3K 1.4K 226
LMT CALL TRADE BEARISH 01/16/26 $360.00 $36.0K 8 4
LMT CALL TRADE NEUTRAL 01/16/26 $250.00 $35.1K 7 2

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, which is mainly 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.

Following our analysis of the options activities associated with Lockheed Martin, we pivot to a closer look at the company’s own performance.

Present Market Standing of Lockheed Martin

  • With a volume of 979,324, the price of LMT is down -0.47% at $423.95.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 71 days.

Professional Analyst Ratings for Lockheed Martin

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $499.2.

  • Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Lockheed Martin with a target price of $540.
  • An analyst from UBS has decided to maintain their Neutral rating on Lockheed Martin, which currently sits at a price target of $475.
  • An analyst from Morgan Stanley persists with their Equal-Weight rating on Lockheed Martin, maintaining a target price of $503.
  • An analyst from RBC Capital has decided to maintain their Sector Perform rating on Lockheed Martin, which currently sits at a price target of $470.
  • Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Lockheed Martin, targeting a price of $508.

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.

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