Lockheed Martin (LMT) Options Chain

NYSE: LMTIndustrialsAerospace & DefenseUSD

509.59+1.70 (+0.33%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 5
Share price: $509.59
Put/call ratio (OI): 0.73
Put/call ratio (volume): 1.19
ATM implied volatility: 26.5%
Expected move: ±$15.78
Open interest (C / P): 4.64K / 3.39K

LMT options summary

The LMT options chain for the October 16, 2026 expiration lists 60 call and 40 put contracts, with 5 days until expiration. Open interest stands at 4,642 calls and 3,390 puts, a put/call ratio of 0.73, which is fairly balanced between calls and puts. At-the-money implied volatility near the $510.00 strike is 26.5%, which implies the market expects a move of about ±$15.78 (3.1%) in Lockheed Martin stock by expiration.

The most open interest sits at the $555.00 call (660 contracts) and the $500.00 put (430 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

LMT options chain · October 16, 2026

LMT calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
15	1	58.2%	57.62	58.10	62.50	450.00	0.00	3.90	0.74	73.3%	1	11
—	—	—	—	—	—	455.00	0.00	0.45	0.22	49.5%	7	51
11	10	51.8%	44.00	48.20	52.70	460.00	0.00	1.60	0.49	51.0%	4	126
—	—	—	—	—	—	465.00	0.00	0.25	0.13	37.4%	94	124
30	20	55.4%	37.25	38.20	41.80	470.00	0.00	0.25	0.14	33.7%	13	65
10	10	56.3%	48.50	33.30	37.70	475.00	0.10	0.40	0.25	32.7%	13	221
44	1	48.2%	22.01	28.40	32.30	480.00	0.15	0.95	0.30	35.1%	14	198
4	4	44.4%	24.15	23.60	27.60	485.00	0.35	0.70	0.45	28.1%	631	392
2	1	43.7%	40.61	19.00	23.60	490.00	0.65	1.05	0.90	26.5%	30	232
33	3	35.9%	15.05	14.70	18.30	495.00	0.95	1.95	1.40	27.0%	56	131
117	9	28.8%	11.15	10.70	13.20	500.00	2.20	2.95	3.40	25.9%	37	430
—	—	—	—	—	—	502.50	2.80	3.80	3.19	26.1%	3	50
138	10	28.0%	7.88	7.10	9.80	505.00	3.60	4.60	4.00	25.6%	12	128
68	59	28.1%	8.00	7.00	8.40	507.50	4.40	6.00	5.39	26.9%	15	98
LMT $509.59
120	72	27.6%	5.50	5.70	7.00	510.00	5.70	6.80	6.50	25.3%	35	314
10	16	26.2%	5.30	4.70	5.50	512.50	6.90	8.20	8.50	25.4%	106	10
45	241	29.4%	4.00	3.60	5.30	515.00	7.70	9.90	8.65	26.2%	5	238
13	2	25.6%	2.65	2.20	3.50	517.50	9.50	13.00	10.90	32.2%	1	8
127	21	25.7%	3.00	2.00	2.80	520.00	11.40	14.80	15.44	32.7%	2	296
66	13	28.7%	2.00	1.20	2.80	522.50	13.30	16.70	20.20	33.3%	12	14
126	30	26.0%	1.45	1.15	1.75	525.00	14.80	18.70	17.87	33.9%	1	43
50	7	25.7%	1.16	0.80	1.30	527.50	16.60	20.90	25.39	35.2%	7	7
427	32	26.3%	0.80	0.65	1.05	530.00	19.10	22.90	21.98	35.2%	2	109
23	10	26.4%	0.70	0.35	0.80	532.50	—	—	—	—	—	—
148	35	30.5%	0.50	0.05	1.05	535.00	23.80	27.70	26.10	39.0%	13	79
23	3	29.9%	0.50	0.05	0.75	537.50	—	—	—	—	—	—
226	6	27.7%	0.27	0.20	0.40	540.00	28.60	32.50	30.10	42.4%	1	13
18	5	60.8%	0.55	0.00	4.90	542.50	31.00	35.00	16.60	44.6%	—	0
114	66	29.5%	0.17	0.05	0.30	545.00	33.50	37.40	44.25	46.1%	2	0
95	7	51.5%	0.50	0.00	4.90	547.50	—	—	—	—	—	—
356	1	32.7%	0.10	0.00	0.30	550.00	38.00	42.40	39.95	50.4%	1	1
660	1	35.8%	0.10	0.00	0.30	555.00	43.10	47.30	48.95	53.7%	1	0
169	12	62.0%	0.34	0.00	4.90	560.00	47.80	52.80	60.32	61.6%	1	1
180	1	53.6%	0.12	0.00	2.15	565.00	53.40	57.30	57.60	61.5%	1	0
127	2	50.6%	0.05	0.00	1.20	570.00	57.90	62.30	40.84	65.3%	1	0
151	1	56.1%	0.11	0.00	1.50	575.00	63.40	67.30	57.10	69.0%	2	0
74	1	58.9%	0.22	0.00	1.45	580.00	67.20	72.60	50.90	75.3%	1	0
126	15	81.2%	0.40	0.00	4.90	585.00	—	—	—	—	—	—
41	1	81.1%	0.10	0.00	4.10	590.00	—	—	—	—	—	—
35	4	88.3%	0.25	0.00	4.90	595.00	83.20	87.60	66.37	85.9%	1	0
122	1	48.8%	0.01	0.00	0.05	600.00	88.20	92.80	64.70	52.3%	1	0
35	2	62.3%	0.98	0.00	0.50	605.00	93.20	97.80	69.58	54.7%	1	0
41	2	59.2%	0.50	0.00	0.25	610.00	97.20	103.70	72.19	52.1%	1	0
12	5	101.8%	0.55	0.00	4.90	615.00	—	—	—	—	—	—
14	1	105.1%	0.07	0.00	4.90	620.00	107.80	112.60	67.47	102.4%	—	0
14	13	108.3%	0.26	0.00	4.90	625.00	113.00	117.70	118.20	106.6%	1	0
24	11	111.4%	0.52	0.00	4.90	630.00	—	—	—	—	—	—
8	2	114.5%	0.49	0.00	4.90	635.00	—	—	—	—	—	—
16	15	117.5%	0.19	0.00	4.90	640.00	—	—	—	—	—	—
2	1	120.6%	0.05	0.00	4.90	645.00	—	—	—	—	—	—
10	1	78.5%	0.17	0.00	0.30	650.00	—	—	—	—	—	—
10	1	126.4%	0.50	0.00	4.90	655.00	—	—	—	—	—	—
11	12	129.3%	1.03	0.00	4.90	660.00	—	—	—	—	—	—
0	1	50.0%	2.80	0.00	0.00	665.00	—	—	—	—	—	—
35	35	135.0%	0.39	0.00	4.90	670.00	—	—	—	—	—	—
82	80	137.8%	1.54	0.00	4.90	675.00	—	—	—	—	—	—
41	1	140.5%	0.34	0.00	4.90	680.00	—	—	—	—	—	—
93	1	143.2%	1.16	0.00	4.90	685.00	—	—	—	—	—	—
32	2	145.9%	0.36	0.00	4.90	690.00	—	—	—	—	—	—
3	6	148.6%	0.18	0.00	4.90	695.00	—	—	—	—	—	—
0	10	82.8%	0.05	0.00	0.05	700.00	—	—	—	—	—	—
2	1	153.8%	0.14	0.00	4.90	705.00	—	—	—	—	—	—
13	16	107.7%	0.37	0.00	0.45	710.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the LMT put/call ratio?

For the October 16, 2026 expiration, the LMT put/call ratio based on open interest is 0.73 (3,390 puts vs 4,642 calls), and 1.19 based on today's volume. A ratio above 1 means more puts than calls.

What is LMT's implied volatility?

At-the-money implied volatility for LMT options expiring October 16, 2026 is about 26.5%, an annualized estimate of how much the market expects Lockheed Martin stock to move.

How many LMT option expiration dates are there?

LMT has 14 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.