Defense stocks could jump if Iran decides to attack Israel. Numerous news reports indicate that Iran is looking to retaliate against Israel directly. But even if it doesn't, or the result does not lead to an all-out war, one defense stock, Lockheed Martin (LMT) still looks cheap.
One profitable way to buy LMT stock is to sell short puts in nearby strike prices for short-term expiration periods. That way the investor can gain some income while setting a lower buy-in price than the existing spot price.
