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 (NYSE:LMT) we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 0% of the investors opened trades with bullish expectations and 100% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $223,200 and 6, calls, for a total amount of $411,850.
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 $380.0 to $520.0 for Lockheed Martin over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Lockheed Martin options trades today is 483.75 with a total volume of 597.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Lockheed Martin's big money trades within a strike price range of $380.0 to $520.0 over 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 | CALL | TRADE | NEUTRAL | 11/18/22 | $470.00 | $174.7K | 1.5K | 272 |
| LMT | CALL | TRADE | BEARISH | 01/20/23 | $380.00 | $95.0K | 507 | 0 |
| LMT | PUT | SWEEP | NEUTRAL | 12/02/22 | $520.00 | $81.0K | 31 | 15 |
| LMT | PUT | TRADE | BEARISH | 11/18/22 | $480.00 | $63.0K | 613 | 133 |
| LMT | PUT | TRADE | BEARISH | 11/18/22 | $480.00 | $49.1K | 613 | 6 |
Where Is Lockheed Martin Standing Right Now?
- With a volume of 1,119,844, the price of LMT is down -3.53% at $473.44.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 74 days.
What The Experts Say On Lockheed Martin:
- Credit Suisse has decided to maintain their Underperform rating on Lockheed Martin, which currently sits at a price target of $384.
- Susquehanna has decided to maintain their Positive rating on Lockheed Martin, which currently sits at a price target of $510.
- Baird upgraded its action to Outperform with a price target of $513
- Morgan Stanley has decided to maintain their Overweight rating on Lockheed Martin, which currently sits at a price target of $506.
- Wells Fargo has decided to maintain their Underweight rating on Lockheed Martin, which currently sits at a price target of $417.
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.
