Benzinga's options scanner has just identified more than 12 option transactions on Lockheed Martin (NYSE:LMT), with a cumulative value of $733,005. Concurrently, our algorithms picked up 6 puts, worth a total of 400,235.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $470.0 to $515.0 for Lockheed Martin over the recent three months.
Volume & Open Interest Trends
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 $470.0 to $515.0, over the past month.
Lockheed Martin Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LMT | CALL | SWEEP | BULLISH | 09/20/24 | $2.0 | $1.95 | $1.95 | $515.00 | $94.3K | 61 | 0 |
| LMT | CALL | SWEEP | BULLISH | 08/16/24 | $9.2 | $9.1 | $9.19 | $480.00 | $93.5K | 1.1K | 62 |
| LMT | CALL | SWEEP | BULLISH | 08/16/24 | $9.2 | $8.8 | $9.16 | $480.00 | $91.8K | 1.1K | 62 |
| LMT | PUT | TRADE | BULLISH | 08/16/24 | $8.0 | $7.7 | $7.8 | $470.00 | $78.0K | 842 | 101 |
| LMT | PUT | TRADE | BULLISH | 08/16/24 | $8.0 | $7.8 | $7.8 | $470.00 | $78.0K | 842 | 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.
Current Position of Lockheed Martin
- With a volume of 530,883, the price of LMT is up 1.47% at $475.45.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 6 days.
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.