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 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $186,612 and 6, calls, for a total amount of $167,195.
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 $440.0 to $470.0 for Lockheed Martin over the last 3 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 $440.0 to $470.0 in 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 | SWEEP | BULLISH | 01/19/24 | $450.00 | $91.1K | 899 | 1 |
| LMT | PUT | TRADE | NEUTRAL | 08/04/23 | $450.00 | $42.1K | 217 | 135 |
| LMT | CALL | TRADE | BULLISH | 09/15/23 | $440.00 | $31.0K | 123 | 28 |
| LMT | CALL | SWEEP | BULLISH | 12/15/23 | $445.00 | $29.6K | 39 | 16 |
| LMT | CALL | SWEEP | BEARISH | 09/15/23 | $470.00 | $28.5K | 1.0K | 103 |
Where Is Lockheed Martin Standing Right Now?
- With a volume of 647,913, the price of LMT is down -1.03% at $448.16.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 82 days.
What The Experts Say On Lockheed Martin:
- Wells Fargo has decided to maintain their Underweight rating on Lockheed Martin, which currently sits at a price target of $440.
- Morgan Stanley downgraded its action to Equal-Weight with a price target of $532
- Citigroup has decided to maintain their Buy rating on Lockheed Martin, which currently sits at a price target of $555.
- Susquehanna has decided to maintain their Positive rating on Lockheed Martin, which currently sits at a price target of $550.
- RBC Capital has decided to maintain their Sector Perform rating on Lockheed Martin, which currently sits at a price target of $475.
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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