Lockheed Martin Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been observed for Lockheed Martin (NYSE:LMT), with 68% of investors opening trades with bearish expectations. The majority of the trades are puts, totaling $1,296,222, compared to $224,828 in calls. Whales have been targeting a price range from $360.0 to $412.5 for Lockheed Martin over the last 3 months. Deutsche Bank has downgraded its action to Hold with a price target of $435, while Wells Fargo upgraded its action to Equal-Weight with a price target of $440.
October 04, 2023 | 7:16 pm
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Bearish options activity has been observed for Lockheed Martin, with a majority of trades being puts. The company has been downgraded by Deutsche Bank and upgraded by Wells Fargo.
The bearish options activity, along with the downgrade from Deutsche Bank, could potentially lead to a decrease in Lockheed Martin's stock price in the short term. However, the upgrade from Wells Fargo might mitigate some of this impact.
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