Lockheed Martin Unusual Options Activity For April 16
Portfolio Pulse from Benzinga Insights
Lockheed Martin (NYSE:LMT) has seen unusual options activity, indicating a mixed sentiment among big-money investors, with 46% bullish and 53% bearish. The activity includes 15 notable options trades, with a focus on a price range of $455.0 to $600.0. The largest trades observed were mostly calls, with one significant bearish call sweep. Lockheed Martin, a leading defense contractor, is currently trading at $454.81, slightly up by 0.38%, with an anticipated earnings release in 7 days. JP Morgan has upgraded the stock to Overweight with a target price of $518.
April 16, 2024 | 1:46 pm
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Lockheed Martin has experienced unusual options activity, indicating investor uncertainty. With a mix of bullish and bearish sentiments, the stock's short-term movement could be volatile, especially with an earnings release imminent.
The unusual options activity, with a nearly even split between bullish and bearish sentiments, suggests uncertainty among investors, which could lead to short-term volatility. The upcoming earnings release adds to this uncertainty, making it a critical period for LMT. However, the upgrade by JP Morgan to Overweight with a target price of $518 provides a positive outlook, potentially balancing the bearish sentiment from the options market.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100