Investors with significant funds have taken a bearish position in Lockheed Martin LMT, a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in LMT usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 10 options transactions for Lockheed Martin. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 10% being bullish and 50% bearish. Of all the options we discovered, 9 are puts, valued at $761,454, and there was a single call, worth $93,440.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $430.0 to $560.0 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 352.1, with a total volume reaching 287.00. 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 $430.0 to $560.0, throughout the last 30 days.
Lockheed Martin Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LMT | PUT | SWEEP | BEARISH | 01/16/26 | $24.9 | $24.4 | $24.9 | $450.00 | $164.3K | 209 | 66 |
| LMT | PUT | TRADE | NEUTRAL | 03/21/25 | $42.0 | $40.6 | $41.3 | $520.00 | $123.9K | 236 | 36 |
| LMT | CALL | SWEEP | BEARISH | 01/15/27 | $37.4 | $37.3 | $37.4 | $560.00 | $93.4K | 48 | 25 |
| LMT | PUT | SWEEP | NEUTRAL | 01/17/25 | $18.7 | $18.1 | $18.4 | $500.00 | $91.9K | 1.1K | 53 |
| LMT | PUT | TRADE | BULLISH | 01/03/25 | $29.9 | $27.7 | $28.53 | $515.00 | $85.5K | 64 | 0 |
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, 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.
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 321,529, the price of LMT is down by -0.84%, reaching $486.5.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 34 days from now.
What Analysts Are Saying About Lockheed Martin
1 market experts have recently issued ratings for this stock, with a consensus target price of $543.0.
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. * An analyst from Wells Fargo persists with their Equal-Weight rating on Lockheed Martin, maintaining a target price of $543.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lockheed Martin options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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