Decoding Lockheed Martin's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity on Lockheed Martin (NYSE:LMT) indicates a bullish sentiment among big-money traders, with 8 call options and 1 put option spotted. Analysts have set price targets ranging from $599 to $635, suggesting potential upside. The stock is currently trading at $569.5, up 0.81%, but may be overbought according to RSI readings.
September 03, 2024 | 3:46 pm
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Lockheed Martin's options activity shows a bullish trend with 8 call options and 1 put option, indicating potential positive sentiment. Analysts have set price targets between $599 and $635, suggesting possible upside. The stock is currently trading at $569.5, up 0.81%, but RSI indicates it may be overbought.
The options activity, with a majority of call options, suggests a bullish sentiment among traders. Analysts' price targets above the current trading price indicate potential upside. However, the RSI suggests the stock may be overbought, which could limit short-term gains.
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