Long

$LMT Lockheed Martin - Breakout, Retest, Bounce Candidate

Lockheed Martin - Breakout, Retest, Bounce Candidate

Assuming $440 support level holds this week, monitor for a bounce toward $500 level medium term.

Medium Term Target: $500-$520 range by Q3'22

For an options play, I am looking to go long the Sep 16 22 $450 calls going for around $25.00 currently. If I was forming a spread to limit risk I would be selling the $500 calls with the same expiration. Or you could look at a calendar spread where you sell the $450 calls with an earlier expiration.

Note: This is NOT investment advice. This is opinion only.

Triple_Barrel_Capital

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