This Is What Whales Are Betting On Lockheed Martin
Portfolio Pulse from Benzinga Insights
A large bearish position on Lockheed Martin (NYSE:LMT) has been spotted on Benzinga's options scanner, with 60% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $300 to $600 for Lockheed Martin over the last 3 months.
May 22, 2023 | 8:17 pm
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A large bearish position on Lockheed Martin (NYSE:LMT) has been identified, with 60% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $300 to $600 for Lockheed Martin over the last 3 months.
The large bearish position on Lockheed Martin indicates that big-money traders believe the stock price may decline in the short term. With 60% of these traders showing bearish sentiment, it suggests that there is a higher probability of the stock price going down. The targeted price range of $300 to $600 also provides an indication of where these traders expect the stock price to move.
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