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 46 strange trades.
If we consider the specifics of each trade, it is accurate to state that 39% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 12 are puts, for a total amount of $1,331,876 and 34, calls, for a total amount of $2,219,846.
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 $320.0 to $520.0 for Lockheed Martin over the last 3 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 $320.0 to $520.0 in 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 | PUT | SWEEP | BEARISH | 03/25/22 | $450.00 | $245.0K | 247 | 1.0K |
| LMT | CALL | SWEEP | BEARISH | 01/20/23 | $500.00 | $235.2K | 335 | 215 |
| LMT | CALL | SWEEP | NEUTRAL | 01/20/23 | $500.00 | $210.0K | 335 | 100 |
| LMT | CALL | TRADE | BULLISH | 06/17/22 | $445.00 | $185.6K | 299 | 253 |
| LMT | CALL | TRADE | BULLISH | 09/16/22 | $435.00 | $162.5K | 92 | 0 |
Where Is Lockheed Martin Standing Right Now?
- With a volume of 1,691,962, the price of LMT is up 2.82% at $438.19.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 29 days.
What The Experts Say On Lockheed Martin:
- Wells Fargo has decided to maintain their Equal-Weight rating on Lockheed Martin, which currently sits at a price target of $486.
- Morgan Stanley has decided to maintain their Overweight rating on Lockheed Martin, which currently sits at a price target of $521.
- Wolfe Research upgraded its action to Outperform with a price target of $467
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.
