Here's what whales are betting on Lockheed Martin

Someone with a lot of money to spend has taken a bearish stance on Lockheed Martin LMT.

And retailers should know.

We noticed this today when the big position appeared on the history of publicly available options that we track here at Benzinga.

Whether it's an institution or just a wealthy individual, we don't know. But when something this big happens with LMT, it often means someone knows something is going to happen.

So how do we know what this whale just did?

Benzinga's options scanner today spotted 12 unusual options trades for Lockheed Martin.

This is not normal.

The general sentiment of these big traders is split between 33% bullish and 66% bearish.

Of all the special options we discovered, 6 are puts, totaling $204,451, and 6 are calls, totaling $209,845 .
What is the target price?
Given the volume and open interest on these contracts, it appears that whales have targeted a price range of $430.0 to $550.0 for Lockheed Martin during for the past 3 months.
Development of volume and open interest
In terms of liquidity and interest, the average open interest for Lockheed Martin options trades today is 246.0 with a total volume of 663.00.

In the following graph, we are able to follow the evolution of volume and open interest of call and put options for Lockheed Martin big trades within a range strike price from $430.0 to $550.0 in the last 30 days.
Lockheed Martin Option Volume and Open Interest in the Last 30 Days The biggest options spotted:

Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume LMT PUT SWEEP BULLISH 01/19/24 $460.00 $46.9,000 59 15 LMT CALL TRADE BULLISH 01/20/23 $500.00 $45,500 1.3K 107 LMT CALL TRADE BEARISH 01/20/23 $500.00 $44.2,000 1.3K 57 LMT CALL TRADE NEUTRAL 01/20/23 $535.00 $40,900 228 200 LMT PUT TRADE NEUTRAL 06/16/23 $430.00 $35.9,000 62 112
Where is Lockheed Martin now? With a volume of 681,397, the price of LMT is up 0.94% to $470.6. RSI indicators suggest that the underlying stock may be close to overbought. The next results should be published in 68 days. What experts say about Lockheed Martin: Wells Fargo has decided to maintain its underweight rating on Lockheed Martin, which currently sits at a price target of $417. RBC Capital has decided to maintain its Sector Perform rating on Lockheed Martin, which currently sits at a target price of $445. Credit Suisse has decided to maintain its underperforming rating on Lockheed Martin, which currently sits at a price target of $384. Susquehanna has decided to maintain its positive rating on Lockheed Martin, which currently sits at a price target of $510. Baird upgraded its stock to outperform with a price target of $513
Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

Business Nov 17, 2022 0 39 Add to Reading List

Here's what whales are betting on Lockheed Martin

Someone with a lot of money to spend has taken a bearish stance on Lockheed Martin LMT.

And retailers should know.

We noticed this today when the big position appeared on the history of publicly available options that we track here at Benzinga.

Whether it's an institution or just a wealthy individual, we don't know. But when something this big happens with LMT, it often means someone knows something is going to happen.

So how do we know what this whale just did?

Benzinga's options scanner today spotted 12 unusual options trades for Lockheed Martin.

This is not normal.

The general sentiment of these big traders is split between 33% bullish and 66% bearish.

Of all the special options we discovered, 6 are puts, totaling $204,451, and 6 are calls, totaling $209,845 .

What is the target price?

Given the volume and open interest on these contracts, it appears that whales have targeted a price range of $430.0 to $550.0 for Lockheed Martin during for the past 3 months.

Development of volume and open interest

In terms of liquidity and interest, the average open interest for Lockheed Martin options trades today is 246.0 with a total volume of 663.00.

In the following graph, we are able to follow the evolution of volume and open interest of call and put options for Lockheed Martin big trades within a range strike price from $430.0 to $550.0 in the last 30 days.

Lockheed Martin Option Volume and Open Interest in the Last 30 Days The biggest options spotted:

Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume LMT PUT SWEEP BULLISH 01/19/24 $460.00 $46.9,000 59 15 LMT CALL TRADE BULLISH 01/20/23 $500.00 $45,500 1.3K 107 LMT CALL TRADE BEARISH 01/20/23 $500.00 $44.2,000 1.3K 57 LMT CALL TRADE NEUTRAL 01/20/23 $535.00 $40,900 228 200 LMT PUT TRADE NEUTRAL 06/16/23 $430.00 $35.9,000 62 112 Where is Lockheed Martin now? With a volume of 681,397, the price of LMT is up 0.94% to $470.6. RSI indicators suggest that the underlying stock may be close to overbought. The next results should be published in 68 days. What experts say about Lockheed Martin: Wells Fargo has decided to maintain its underweight rating on Lockheed Martin, which currently sits at a price target of $417. RBC Capital has decided to maintain its Sector Perform rating on Lockheed Martin, which currently sits at a target price of $445. Credit Suisse has decided to maintain its underperforming rating on Lockheed Martin, which currently sits at a price target of $384. Susquehanna has decided to maintain its positive rating on Lockheed Martin, which currently sits at a price target of $510. Baird upgraded its stock to outperform with a price target of $513

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.