Lockheed Martin is one of the worst stocks on the S&P 500 today
Defense stock Lockheed Martin Corp (NYSE:LMT) was last seen down 8.4% at $422, after the company recorded a $1.6 billion in loss attributed to its classified programs, cutting deeply into second-quarter profits. The maker of the F-35 fighter jet also trimmed its 2025 profit outlook by 25%.
On the charts, the $420 level appears to be keeping today's pullback in check -- as it did in both April and February. LMT is down 12% since the start of 2025, with long-term pressure at the 160-day moving average keeping a cap on gains since November.
Options traders are chiming in on the event, with 14,000 calls and 10,000 puts exchanged so far -- 6 times the overall options volume typically seen at this point in the day. The weekly 7/25 440-strike call is the most popular, with new positions being opened there.
Call traders have been targeting LMT at a faster-than-usual rate ahead of today, too. The stock's 50-day call/put volume ratio of 4.75 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 94% of readings from the past year.