Lockheed Martin Corp (LMT) $90.36 -4.76%

| November 7, 2012 | 0 Comments More

Lockheed Martin (LMT) trades down $4.44 to $90.43 on the heels of the President Obama victory. Aerospace and Defense companies took the news hard and RTN and GD are also under fire. Options volume in LMT is running 2X the daily average, with 4,300 puts and 660 calls traded on the stock. Nov 87.5, 90 and 95 puts are the most actives in the name, with some players possibly looking for the volatility to continue over the next one and a half weeks. Meanwhile, 30-day ATM implied volatility in LMT options is moving up 14.5 percent to 20.

Category: All Stocks, Industrial Goods & Services, Large Cap Stocks

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About the Author (Author Profile)

Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.