Northrop Grumman's Options Frenzy: What You Need to Know

Investors with a lot of money to spend have taken a bullish stance on Northrop Grumman NOC.

And retail traders should know.

We noticed this today when the trades 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 NOC, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 18 uncommon options trades for Northrop Grumman.

This isn't normal.

The overall sentiment of these big-money traders is split between 66% bullish and 27%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $165,873, and 15 are calls, for a total amount of $1,034,496.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $370.0 to $580.0 for Northrop Grumman over the last 3 months.

Insights into Volume & Open Interest

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 Northrop Grumman'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 Northrop Grumman's whale activity within a strike price range from $370.0 to $580.0 in the last 30 days.

Northrop Grumman 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
NOC CALL SWEEP BULLISH 08/16/24 $10.9 $10.5 $10.9 $500.00 $213.6K 331 566
NOC CALL SWEEP BULLISH 08/16/24 $10.9 $10.5 $10.9 $500.00 $163.5K 331 220
NOC CALL SWEEP BULLISH 08/16/24 $10.7 $10.0 $10.6 $500.00 $103.8K 331 102
NOC CALL SWEEP BULLISH 08/16/24 $10.8 $10.5 $10.8 $500.00 $86.4K 331 566
NOC CALL TRADE BEARISH 06/20/25 $128.2 $125.9 $125.9 $370.00 $75.5K 0 10

About Northrop Grumman

Northrop Grumman is a diversified defense contractor providing aeronautics, defense, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and conducts maintenance and upgrades on numerous military aircraft. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Finally, space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.

Present Market Standing of Northrop Grumman

  • Currently trading with a volume of 669,215, the NOC's price is down by -1.98%, now at $476.75.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 84 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Northrop Grumman with Benzinga Pro for real-time alerts.

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Posted In: OptionsMarketsBZI-UOA
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