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 31 uncommon options trades for Lockheed Martin.
This isn't normal.
The overall sentiment of these big-money traders is split between 48% bullish and 51%, bearish.
Out of all of the special options we uncovered, 29 are puts, for a total amount of $1,706,676, and 2 are calls, for a total amount of $88,191.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $410.0 to $740.0 for Lockheed Martin over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Lockheed Martin's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Lockheed Martin's significant trades, within a strike price range of $410.0 to $740.0, over the past month.
Lockheed Martin 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LMT | PUT | TRADE | BEARISH | 06/21/24 | $740.00 | $293.6K | 0 | 31 |
| LMT | PUT | TRADE | BULLISH | 06/21/24 | $740.00 | $293.5K | 0 | 41 |
| LMT | PUT | TRADE | BULLISH | 06/21/24 | $740.00 | $117.4K | 0 | 47 |
| LMT | PUT | TRADE | BULLISH | 06/21/24 | $740.00 | $117.3K | 0 | 51 |
| LMT | PUT | TRADE | BEARISH | 06/21/24 | $740.00 | $88.0K | 0 | 57 |
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.
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?
- Trading volume stands at 725,593, with LMT's price down by -0.22%, positioned at $451.0.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 57 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.
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