A whale with a lot of money to spend has taken a noticeably bearish stance on Lockheed Martin.
Looking at options history for Lockheed Martin LMT we detected 18 strange trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $435,160 and 11, calls, for a total amount of $462,349.
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 $380.0 to $470.0 for Lockheed Martin over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Lockheed Martin options trades today is 291.2 with a total volume of 3,340.00.
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 $380.0 to $470.0 over the last 30 days.
Lockheed Martin Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LMT | PUT | TRADE | BEARISH | 06/21/24 | $380.00 | $205.2K | 812 | 200 |
| LMT | CALL | SWEEP | BULLISH | 09/15/23 | $430.00 | $81.5K | 6 | 405 |
| LMT | CALL | TRADE | BEARISH | 09/15/23 | $430.00 | $48.2K | 6 | 346 |
| LMT | PUT | TRADE | BEARISH | 06/21/24 | $380.00 | $46.3K | 812 | 68 |
| LMT | PUT | TRADE | BEARISH | 06/21/24 | $380.00 | $46.3K | 812 | 44 |
Where Is Lockheed Martin Standing Right Now?
- With a volume of 962,523, the price of LMT is down -0.25% at $451.95.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 75 days.
What The Experts Say On Lockheed Martin:
- Baird downgraded its action to Neutral with a price target of $513
- Citigroup has decided to maintain their Buy rating on Lockheed Martin, which currently sits at a price target of $579.
- Wells Fargo has decided to maintain their Underweight rating on Lockheed Martin, which currently sits at a price target of $419.
- Credit Suisse has decided to maintain their Outperform rating on Lockheed Martin, which currently sits at a price target of $550.
- Bernstein has decided to maintain their Market Perform rating on Lockheed Martin, which currently sits at a price target of $496.
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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