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 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 LMT, 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 11 uncommon options trades for Lockheed Martin.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $181,550, and 7 are calls, for a total amount of $282,556.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $400.0 to $520.0 for Lockheed Martin over the recent 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 $400.0 to $520.0 in the last 30 days.
Lockheed Martin Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LMT | CALL | TRADE | BULLISH | 01/16/26 | $70.8 | $69.2 | $70.8 | $430.00 | $77.8K | 124 | 22 |
| LMT | PUT | TRADE | BEARISH | 01/16/26 | $23.5 | $22.2 | $23.7 | $400.00 | $71.1K | 141 | 37 |
| LMT | PUT | SWEEP | BEARISH | 09/20/24 | $5.4 | $5.3 | $5.4 | $400.00 | $53.4K | 72 | 1 |
| LMT | CALL | TRADE | BULLISH | 01/16/26 | $70.9 | $69.2 | $70.9 | $430.00 | $42.5K | 124 | 11 |
| LMT | CALL | TRADE | BULLISH | 01/16/26 | $72.0 | $70.4 | $72.0 | $430.00 | $36.0K | 124 | 0 |
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.
Lockheed Martin's Current Market Status
- Trading volume stands at 498,875, with LMT's price down by -0.57%, positioned at $452.77.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 15 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
