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 23, 2026
Days to expiration: 12
Share price: $509.59
Put/call ratio (OI): 1.39
Put/call ratio (volume): 0.39
ATM implied volatility: 39.5%
Expected move: ±$36.48
Open interest (C / P): 2.15K / 2.99K

LMT options summary

The LMT options chain for the October 23, 2026 expiration lists 53 call and 39 put contracts, with 12 days until expiration. Open interest stands at 2,152 calls and 2,989 puts, a put/call ratio of 1.39, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $510.00 strike is 39.5%, which implies the market expects a move of about ±$36.48 (7.2%) in Lockheed Martin stock by expiration.

The most open interest sits at the $585.00 call (276 contracts) and the $475.00 put (1.63K contracts).

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

LMT options chain · October 23, 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
3	3	127.3%	209.59	192.90	197.90	315.00	—	—	—	—	—	—
3	3	105.3%	204.60	186.80	192.90	320.00	0.00	4.90	2.48	150.9%	3	3
3	3	118.8%	198.18	181.80	188.90	325.00	0.00	4.90	2.47	146.7%	3	3
3	3	114.0%	197.00	176.80	183.80	330.00	0.00	4.90	0.56	142.5%	3	3
3	3	125.0%	189.62	173.30	178.80	335.00	0.00	4.90	4.64	138.3%	3	3
3	3	111.5%	184.63	168.10	172.90	340.00	0.00	4.90	2.44	134.2%	3	3
3	3	108.0%	179.61	163.10	167.90	345.00	0.00	4.90	2.43	130.2%	3	3
—	—	—	—	—	—	350.00	0.00	4.80	2.39	125.6%	3	4
1	1	92.8%	153.06	138.20	143.00	370.00	—	—	—	—	—	—
—	—	—	—	—	—	400.00	0.00	4.90	0.55	88.3%	—	1
—	—	—	—	—	—	415.00	0.00	4.90	0.05	77.6%	1	11
1	—	62.0%	110.40	88.30	93.10	420.00	—	—	—	—	—	—
0	—	59.4%	107.86	83.40	88.10	425.00	0.00	4.90	0.69	70.5%	—	5
4	1	57.8%	100.50	78.60	83.20	430.00	0.00	4.90	0.70	67.0%	—	5
4	—	54.6%	98.31	73.50	78.30	435.00	—	—	—	—	—	—
4	—	52.3%	92.51	68.60	73.40	440.00	0.00	0.90	2.50	47.5%	—	2
—	—	—	—	—	—	445.00	0.00	4.90	0.96	56.5%	2	23
—	—	—	—	—	—	450.00	0.05	5.00	0.80	53.4%	1	18
—	—	—	—	—	—	455.00	0.00	1.35	2.13	42.3%	2	3
—	—	—	—	—	—	460.00	0.30	1.35	1.00	39.1%	22	104
—	—	—	—	—	—	465.00	0.05	2.65	1.70	43.5%	26	86
2	—	50.8%	42.05	40.00	44.80	470.00	1.10	3.10	3.40	42.0%	1	85
—	—	—	—	—	—	475.00	1.45	3.40	2.50	39.5%	1	1,632
6	6	43.5%	54.20	31.50	35.10	480.00	1.85	3.80	3.00	37.2%	7	143
—	—	—	—	—	—	485.00	3.60	5.20	4.40	38.1%	2	160
1	1	42.0%	24.80	23.60	27.50	490.00	4.50	5.80	5.20	35.5%	5	73
—	—	—	—	—	—	495.00	6.10	8.60	9.37	39.0%	4	27
50	2	40.9%	15.00	17.30	20.80	500.00	7.60	9.20	9.30	35.4%	4	84
20	5	41.6%	16.26	13.60	18.30	505.00	9.40	12.60	11.20	38.7%	1	71
LMT $509.59
40	11	40.4%	13.46	11.20	15.30	510.00	11.70	15.00	13.24	38.6%	8	181
21	3	36.9%	10.90	9.40	11.70	515.00	14.20	17.50	15.05	38.0%	1	44
44	10	38.3%	8.00	7.30	10.20	520.00	17.30	20.40	25.70	37.7%	1	27
48	9	37.0%	6.80	6.00	8.00	525.00	20.20	23.70	23.87	37.8%	2	24
77	15	35.8%	5.25	4.90	6.10	530.00	23.80	27.20	28.50	37.9%	2	43
30	17	41.9%	4.50	3.80	6.80	535.00	27.30	31.00	32.06	38.1%	3	60
56	3	36.4%	3.70	2.60	4.00	540.00	30.80	35.20	33.69	39.2%	24	22
70	3	36.6%	2.43	1.85	3.20	545.00	35.20	39.20	42.50	39.0%	1	4
193	8	36.2%	1.90	1.55	2.40	550.00	40.00	43.60	45.10	39.7%	1	3
13	7	43.2%	1.40	1.40	3.30	555.00	44.60	48.20	35.62	40.9%	20	20
26	2	36.9%	0.95	0.80	1.50	560.00	48.70	52.90	58.48	42.4%	2	4
123	6	38.7%	1.35	0.00	1.40	565.00	—	—	—	—	—	—
145	5	39.4%	0.66	0.40	1.15	570.00	57.90	62.50	62.54	45.5%	1	2
13	1	40.0%	0.45	0.25	0.95	575.00	63.50	67.40	69.00	47.5%	1	0
205	18	38.6%	0.35	0.25	0.60	580.00	67.80	72.40	50.72	50.0%	1	0
276	78	34.1%	0.15	0.15	0.20	585.00	—	—	—	—	—	—
125	6	42.0%	0.23	0.05	0.55	590.00	—	—	—	—	—	—
20	3	55.0%	0.25	0.00	3.40	595.00	—	—	—	—	—	—
72	3	62.4%	0.10	0.00	4.90	600.00	—	—	—	—	—	—
74	2	64.7%	0.20	0.00	4.90	605.00	—	—	—	—	—	—
127	114	67.0%	0.58	0.00	4.90	610.00	—	—	—	—	—	—
40	40	62.0%	0.55	0.00	3.00	615.00	—	—	—	—	—	—
28	—	71.4%	1.17	0.00	4.90	620.00	—	—	—	—	—	—
19	19	73.6%	0.85	0.00	4.90	625.00	—	—	—	—	—	—
45	5	75.7%	1.04	0.00	4.90	630.00	—	—	—	—	—	—
1	—	77.8%	1.50	0.00	4.90	635.00	—	—	—	—	—	—
2	—	79.9%	1.67	0.00	4.90	640.00	—	—	—	—	—	—
3	—	83.9%	1.45	0.00	4.90	650.00	—	—	—	—	—	—
90	8	93.6%	1.46	0.00	4.90	675.00	—	—	—	—	—	—
0	—	99.1%	0.76	0.00	4.90	690.00	—	—	—	—	—	—
2	—	106.2%	4.79	0.00	4.90	710.00	—	—	—	—	—	—
2	—	109.6%	3.51	0.00	4.90	720.00	—	—	—	—	—	—
2	—	116.2%	3.04	0.00	4.90	740.00	—	—	—	—	—	—
2	—	119.5%	1.41	0.00	4.90	750.00	—	—	—	—	—	—
4	1	91.2%	0.05	0.00	0.30	800.00	—	—	—	—	—	—

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 23, 2026 expiration, the LMT put/call ratio based on open interest is 1.39 (2,989 puts vs 2,152 calls), and 0.39 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 23, 2026 is about 39.5%, 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.