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 40 uncommon options trades for Lockheed Martin.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 45%, bearish.
Out of all of the special options we uncovered, 26 are puts, for a total amount of $1,899,414, and 14 are calls, for a total amount of $920,206.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $230.0 to $900.0 for Lockheed Martin over the last 3 months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Lockheed Martin's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lockheed Martin's substantial trades, within a strike price spectrum from $230.0 to $900.0 over the preceding 30 days.
Lockheed Martin Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LMT | PUT | TRADE | BEARISH | 01/17/25 | $8.2 | $7.8 | $8.2 | $500.00 | $205.0K | 669 | 323 |
| LMT | PUT | TRADE | NEUTRAL | 01/17/25 | $8.5 | $7.9 | $8.2 | $500.00 | $204.1K | 669 | 573 |
| LMT | PUT | TRADE | BEARISH | 01/17/25 | $7.6 | $7.0 | $7.6 | $500.00 | $189.2K | 669 | 597 |
| LMT | CALL | TRADE | BULLISH | 06/20/25 | $133.5 | $132.5 | $133.5 | $400.00 | $160.2K | 19 | 12 |
| LMT | PUT | SWEEP | BEARISH | 03/21/25 | $11.8 | $11.6 | $11.6 | $485.00 | $156.5K | 45 | 136 |
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, mainly encompassing 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.
Having examined the options trading patterns of Lockheed Martin, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Lockheed Martin Standing Right Now?
- Currently trading with a volume of 1,752,276, the LMT's price is down by -4.62%, now at $517.17.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 57 days.
Professional Analyst Ratings for Lockheed Martin
1 market experts have recently issued ratings for this stock, with a consensus target price of $565.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Lockheed Martin with a target price of $565.
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.
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