Behind the Scenes of Lockheed Martin's Latest Options Trends

Investors with a lot of money to spend have taken a bearish stance on Lockheed Martin 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 13 options trades for Lockheed Martin.

This isn't normal.

The overall sentiment of these big-money traders is split between 46% bullish and 53%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $48,180, and 12, calls, for a total amount of $546,660.

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 $400.0 and $480.0 for Lockheed Martin, spanning the last three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Lockheed Martin options trades today is 658.57 with a total volume of 2,218.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Lockheed Martin's big money trades within a strike price range of $400.0 to $480.0 over the last 30 days.

Lockheed Martin Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
LMT CALL SWEEP BULLISH 01/17/25 $400.00 $93.6K 308 13
LMT CALL SWEEP BULLISH 02/16/24 $475.00 $92.1K 105 6
LMT CALL TRADE NEUTRAL 06/21/24 $430.00 $62.8K 52 48
LMT PUT SWEEP BULLISH 02/16/24 $450.00 $48.1K 112 2
LMT CALL SWEEP BULLISH 02/02/24 $440.00 $42.8K 10 20

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.

After a thorough review of the options trading surrounding Lockheed Martin, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Lockheed Martin's Current Market Status

  • Trading volume stands at 274,197, with LMT's price down by 0.0%, positioned at $456.5.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 15 days.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lockheed Martin options trades with real-time alerts from Benzinga Pro.

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Posted In: OptionsMarketsBZI-UOA
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