Deep-pocketed investors have taken a bullish stance on Lockheed Martin (NYSE:LMT).

And retailers should know.

That's what we noticed today when the positions started showing up in the publicly available options history we track here at Benzinga.

We don't know whether these are institutions or just wealthy individuals. But when something this big happens in LMT, it often means someone knows something is going to happen.

Today, Benzinga's options scanner discovered 14 options trades for Lockheed Martin.

That's not normal.

The overall sentiment of these major traders is 35% bullish and 35% bearish.

Of all the options we uncovered, there was 1 put totaling $39,000 and 13 calls totaling $2,204,930.

Estimated price range

After evaluating trading volumes and open interest, it is evident that key market movers are focused on a price range between $520.0 and $600.0 for Lockheed Martin, spanning the past three months.

Volume and open interest development

In terms of liquidity and interest, the average open interest for Lockheed Martin options trades today is 301.27 with a total volume of 916.00.

In the chart below, we can track the movement of volume and open interest of call and put options for Lockheed Martin's large money trades within a strike price range of $520.0 to $600.0 over the past 30 days.

Lockheed Martin options volume and open interest in the last 30 days

Significant options trades discovered:

About Lockheed Martin

Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since winning the F-35 Joint Strike Fighter program in 2001. Lockheed's largest segment is aviation, which generates more than two-thirds of its revenue from the F-35. Lockheed's remaining segments are rotary and mission systems and primarily include the Sikorsky helicopter business; Missiles and fire control, creating missiles and missile defense systems; and space systems, which produces satellites and receives investment income from the United Launch Alliance joint venture.

After a thorough review of options trading surrounding Lockheed Martin, we move on to examining the company in more detail. This also includes an assessment of the current market status and performance.

Current Market Status of Lockheed Martin LMT price is currently trading at a volume of 701,991 and is down -0.32%, now at $578.63. The RSI readings suggest that the stock may currently be overbought. The expected earnings release is in 21 days. What the experts say about Lockheed Martin

A total of 1 professional analysts have expressed their opinion on this stock in the last 30 days, setting an average price target of $635.0.

Unusual options activity detected: Smart money on the move

Benzinga Edge's Unusual Options Board identifies potential market drivers before they happen. See what positions the big money is taking on your favorite stocks. Click here for access. * A B of A Securities analyst maintains a Buy stance on Lockheed Martin, with a price target of $635.

Trading options involve greater risks, but also offer the potential for higher profits. Experienced traders mitigate these risks through ongoing training, strategic trading adjustments, use of various indicators, and monitoring market dynamics. Stay on top of the latest Lockheed Martin options trades with Benzinga Pro for real-time alerts.

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