Investors with a lot of money to spend have taken a bullish 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 20 uncommon options trades for Lockheed Martin.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 35%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $165,090, and 16 are calls, for a total amount of $1,351,724.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $230.0 to $500.0 for Lockheed Martin over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $230.0 to $500.0 in the last 30 days.
Lockheed Martin Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LMT | CALL | TRADE | BULLISH | 12/20/24 | $19.3 | $18.6 | $19.1 | $500.00 | $764.0K | 19 | 412 |
| LMT | CALL | SWEEP | BEARISH | 07/19/24 | $5.6 | $5.3 | $5.4 | $500.00 | $68.5K | 5.0K | 603 |
| LMT | CALL | SWEEP | NEUTRAL | 07/19/24 | $22.9 | $20.1 | $21.2 | $465.00 | $56.0K | 163 | 0 |
| LMT | CALL | SWEEP | BULLISH | 07/19/24 | $5.5 | $5.4 | $5.5 | $500.00 | $51.7K | 5.0K | 289 |
| LMT | PUT | SWEEP | BEARISH | 01/17/25 | $19.7 | $18.9 | $19.7 | $440.00 | $49.2K | 490 | 25 |
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.
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?
- With a trading volume of 581,239, the price of LMT is up by 0.16%, reaching $464.62.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 1 days from now.
Professional Analyst Ratings for Lockheed Martin
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $518.0.
- Showing optimism, an analyst from JP Morgan upgrades its rating to Overweight with a revised price target of $518.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Lockheed Martin with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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