LMTLockheed Martin Corp.
Options Analysis Report•GUIDED MISSILES & SPACE VEHICLES & PARTS
Market Cap $120.0B|NYSE
● 2026-05-15$520.41
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +11.9%YTD +4.7%7D +2.7%
Options Vol
4,927
30D
Implied Move
±8.3%
IV Rank
31%
LMT Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
7.6
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks7/9 checks passed
IV Rank
≤35%IV Rank 31.5% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.11x — IV premium over HV
Sector Relative≤50%
Sector percentile 27% — below sector median
Term Structure
<1.1xFront/Back 1.03x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 30.4% — normal range
Spread-Adjusted Value
<80%Effective IV 50.5% (ATM 30.4% + spread 10.1% + bias) — good value
Execution Efficiency
<3.0%Total drag 19.51% (spread 10.06% + slippage 9.45%) — high friction
Vega Efficiency
≥5.0Vega efficiency 86.37 (vega 86.889 / spread 10.06%) — efficient
Sentiment
Bullish or bearish?
5.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: -3%, Raw: -2%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -3% (neutral) — Raw: -2%
OI Skew Magnitude
≥15%|OI skew| 28.1% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +14.8%, OI skew +28.1% — aligned
Conviction Quality
≥2/3 conditions0-DTE 44%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +3%, ATM: +9%, OTM: -9% — neutral (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 48% — neutral vs sector
Activity
Unusual activity?
3.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.5x avg — normal
Turnover Rate
≥15%Vol/OI 3.7% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +10.8% (5d) — building
Sector Relative≥60%
Sector activity percentile 57% — neutral vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 27% — patient
Flow Conviction
≥30Conviction -3 (bearish) — mixed
Liquidity
Can I trade efficiently?
4.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 10.1% — wide
Adequate OI
≥10,000OI 133,556 — deep
Active Volume
≥500Volume 4,927/day — adequate
Reasonable Cost
≤$0.50$0.50 to cross — expensive
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 31% — tighter than sector
Order Book Depth
≥100 contractsDepth 75.69999999999999 contracts (bid:37.9 ask:37.8) — thin
Execution Quality
<1.0%Avg slippage 9.45% — poor
Timing
Is now a good time?
6.5
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks4/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +2.7% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 32% — neutral
Event Detection
≥10pts kinkIV kink 1.6pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 427.18 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -3% @ 52% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls6.4
bullishIV cheap, mixed flow
Long Puts5.8
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.7
bullishIV too cheap, mixed flow
Covered Call4.1
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.