Notable Put Options Activity on Lockheed Martin

Shares of Lockheed Martin LMT are lower on the session by 0.41%, trading at $81.08. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the June 2012 $80.00 put, which has traded 1,400 times on open interest of 84 contracts. Put volume is outpacing call volume by 9 to 1. Lockheed Martin Corporation engages in the research, design, development, manufacture, integration, operation, and sustainment of advanced technology systems and products in the areas of defense, space, intelligence, homeland security, and government information technology in the United States and internationally.