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 29 uncommon options trades for Lockheed Martin.
This isn't normal.
The overall sentiment of these big-money traders is split between 31% bullish and 44%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $299,110, and 21 are calls, for a total amount of $1,351,841.
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 $400.0 to $520.0 for Lockheed Martin over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Lockheed Martin stands at 409.15, with a total volume reaching 3,412.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Lockheed Martin, situated within the strike price corridor from $400.0 to $520.0, throughout the last 30 days.
Lockheed Martin Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LMT | CALL | TRADE | BEARISH | 09/19/25 | $17.3 | $14.6 | $15.0 | $500.00 | $510.0K | 83 | 685 |
| LMT | CALL | SWEEP | BULLISH | 06/20/25 | $14.7 | $14.2 | $14.3 | $480.00 | $79.6K | 345 | 222 |
| LMT | CALL | TRADE | BULLISH | 09/19/25 | $14.4 | $13.7 | $14.4 | $500.00 | $69.1K | 83 | 314 |
| LMT | CALL | TRADE | BULLISH | 06/20/25 | $5.4 | $4.9 | $5.2 | $520.00 | $66.5K | 576 | 135 |
| LMT | CALL | SWEEP | BULLISH | 03/21/25 | $5.7 | $5.1 | $5.6 | $475.00 | $55.3K | 966 | 107 |
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. Aeronautics is Lockheed's largest segment, 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.
In light of the recent options history for Lockheed Martin, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Lockheed Martin Standing Right Now?
- With a trading volume of 690,682, the price of LMT is down by -0.64%, reaching $452.5.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 77 days from now.
Expert Opinions on Lockheed Martin
In the last month, 5 experts released ratings on this stock with an average target price of $540.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Lockheed Martin, targeting a price of $540. * Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Lockheed Martin with a target price of $550. * An analyst from Barclays has decided to maintain their Equal-Weight rating on Lockheed Martin, which currently sits at a price target of $515. * Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Lockheed Martin, targeting a price of $600. * An analyst from Wells Fargo persists with their Equal-Weight rating on Lockheed Martin, maintaining a target price of $497.
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.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
