Notable profits for the buyer who lifted the $8.78 offer for 2,600 Lockheed (LMT) Jul-24 475 calls yesterday at 15:35ET when underlying shares were trading at $454.75. Shares closed at $456.78, and the calls at $9.47 for a mark-to-market profit of 8%, or $180K, on the $2282K outlay.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMT:
- KULR Technology enters agreement with Lockheed Martin
- Mercury Systems, Lockheed Martin to advance defense manufacturing capabilities
- Lockheed Martin Stock (NYSE:LMT) Is a Dividend Aristocrat in the Making
- Lockheed Martin awarded $219.71M Army contract modification
- Terran Orbital unlikely to accept Lockheed bid, says H.C. Wainwright