Now analyzing the options chain and the chart patterns of LMT Lockheed Martin Corporation prior to the earnings report this week, I would consider purchasing the 480usd strike price Calls with an expiration date of 2024-8-16, for a premium of approximately $9.20. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
LMT traded at an all-time high today, reaching $547. The calls went from $9.20 to $65.70 at the close of the day (even higher intraday), resulting in a fantastic 7.14X gain! Congrats to those who bought the calls!
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