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Lockheed Martin’s Options Frenzy: What You Need to Know

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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 14 trades.

If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $327,452 and 7, calls, for a total amount of $432,163.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $400.0 to $660.0 for Lockheed Martin over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $400.0 to $660.0 in the last 30 days.

Lockheed Martin Call and Put Volume: 30-Day Overview

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Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
LMT CALL TRADE BEARISH 03/01/24 $430.00 $96.9K 10 445
LMT PUT TRADE BULLISH 03/01/24 $430.00 $89.0K 27 102
LMT CALL TRADE BULLISH 03/01/24 $430.00 $85.8K 10 224
LMT CALL TRADE BEARISH 03/01/24 $430.00 $84.0K 10 102
LMT CALL TRADE BULLISH 03/01/24 $430.00 $50.1K 10 312

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.

Present Market Standing of Lockheed Martin

  • With a volume of 730,881, the price of LMT is down -0.47% at $429.0.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 81 days.

What Analysts Are Saying About Lockheed Martin

5 market experts have recently issued ratings for this stock, with a consensus target price of $499.2.

  • 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.
  • Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Lockheed Martin with a target price of $540.
  • Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Lockheed Martin, targeting a price of $508.
  • Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Lockheed Martin with a target price of $503.
  • Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Lockheed Martin with a target price of $475.

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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