Lockheed Martin (LMT) Options Chain

NYSE: LMTIndustrialsMilitary/Government/TechnicalUSD

509.59+1.70 (+0.33%)

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

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $509.59
Put/call ratio (OI): 0.97
Put/call ratio (volume): 0.60
ATM implied volatility: 29.2%
Expected move: ±$64.22
Open interest (C / P): 6.63K / 6.41K

LMT options summary

The LMT options chain for the December 18, 2026 expiration lists 89 call and 79 put contracts, with 68 days until expiration. Open interest stands at 6,625 calls and 6,410 puts, a put/call ratio of 0.97, which is fairly balanced between calls and puts. At-the-money implied volatility near the $510.00 strike is 29.2%, which implies the market expects a move of about ±$64.22 (12.6%) in Lockheed Martin stock by expiration.

The most open interest sits at the $600.00 call (669 contracts) and the $400.00 put (393 contracts).

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

LMT options chain · December 18, 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
0	1	281.9%	354.00	339.50	348.00	220.00	0.00	0.00	0.17	50.0%	1	0
0	155	156.6%	224.40	288.00	298.00	230.00	0.00	0.20	0.05	67.4%	3	93
0	1	150.2%	274.30	278.70	287.70	240.00	0.00	1.00	0.21	77.2%	3	31
1	1	89.0%	280.39	257.00	265.70	250.00	0.00	1.25	0.86	75.6%	20	31
1	1	250.4%	236.50	305.00	314.00	260.00	0.00	10.00	0.55	104.7%	1	11
—	—	—	—	—	—	270.00	0.00	0.70	0.05	63.0%	3	15
6	5	357.9%	229.95	346.00	354.00	280.00	0.00	10.00	0.10	94.8%	1	24
—	—	—	—	—	—	290.00	0.00	10.00	0.19	90.1%	6	66
6	1	259.0%	362.00	289.40	298.30	300.00	0.00	1.05	0.19	56.5%	1	34
7	4	320.7%	230.50	318.00	325.00	310.00	0.00	0.45	0.90	52.2%	1	37
5	2	63.8%	219.21	187.50	196.00	320.00	0.00	0.65	0.10	51.9%	87	83
2	1	388.0%	232.08	345.00	352.00	330.00	0.00	0.60	0.35	48.3%	3	30
11	1	287.5%	180.54	289.00	296.00	340.00	0.00	0.65	0.20	45.9%	33	64
5	1	359.3%	252.50	325.00	331.70	350.00	0.10	1.10	0.25	46.9%	77	390
33	1	94.4%	225.15	164.60	173.00	360.00	0.00	1.00	0.25	43.1%	42	169
28	8	258.8%	186.36	260.00	268.00	370.00	0.00	0.90	0.50	39.5%	1	58
12	1	193.6%	267.30	213.70	222.30	380.00	0.15	1.25	0.85	38.9%	1	59
5	1	274.5%	249.60	262.70	270.00	390.00	0.30	1.00	0.64	34.5%	10	226
40	2	48.5%	135.10	110.70	115.50	400.00	0.50	1.35	1.20	33.7%	4	393
40	2	125.0%	178.40	152.70	159.00	410.00	0.60	2.00	1.38	33.6%	2	54
67	16	119.5%	149.70	143.20	149.70	420.00	0.60	2.85	1.90	33.4%	1	361
—	—	—	—	—	—	425.00	1.50	3.00	2.86	32.3%	—	1
29	1	40.6%	83.58	82.20	87.00	430.00	1.60	3.40	3.00	31.8%	1	179
—	—	—	—	—	—	435.00	2.40	4.10	3.70	31.9%	1	105
42	3	86.9%	95.50	108.00	114.30	440.00	1.55	4.50	4.20	31.1%	1	230
—	—	—	—	—	—	445.00	2.20	5.50	4.60	31.4%	5	34
166	6	36.9%	59.11	64.60	69.20	450.00	4.40	6.40	5.20	31.4%	3	360
—	—	—	—	—	—	455.00	4.10	6.50	6.96	29.7%	3	3
101	2	34.0%	55.40	56.20	59.90	460.00	6.20	7.20	7.55	29.0%	2	125
—	—	—	—	—	—	465.00	5.50	8.40	8.55	29.0%	3	5
198	1	33.5%	72.60	48.40	52.50	470.00	7.90	9.50	9.40	28.7%	2	325
—	—	—	—	—	—	475.00	9.40	11.30	10.90	29.1%	3	3
226	1	32.6%	41.50	41.10	45.20	480.00	10.40	12.90	12.33	29.1%	5	160
—	—	—	—	—	—	485.00	11.90	15.00	14.22	29.5%	2	105
24	13	31.6%	36.08	34.50	38.30	490.00	13.50	16.60	15.70	29.1%	9	135
—	—	—	—	—	—	495.00	15.90	20.00	20.40	30.6%	—	4
246	6	31.1%	27.00	29.40	32.30	500.00	18.10	20.40	19.30	28.5%	14	265
20	15	29.9%	27.45	26.20	28.70	505.00	20.30	23.20	22.32	28.9%	2	27
LMT $509.59
101	7	29.8%	24.85	24.40	26.10	510.00	23.40	25.50	25.55	28.6%	3	86
35	3	29.9%	22.60	20.60	23.90	515.00	25.60	29.70	31.05	30.3%	2	33
210	3	29.1%	21.70	19.80	21.10	520.00	28.10	32.30	32.70	30.0%	1	350
32	2	30.1%	14.35	16.90	20.00	525.00	31.20	35.30	31.87	30.0%	2	33
102	50	30.1%	13.80	15.10	18.10	530.00	34.20	38.50	40.10	30.1%	1	132
52	3	30.1%	14.60	13.20	16.40	535.00	37.40	41.70	41.50	30.0%	3	28
60	3	30.3%	11.90	11.70	15.00	540.00	40.70	45.10	45.18	30.0%	1	105
36	1	30.3%	11.49	10.50	13.50	545.00	44.00	48.70	49.05	30.0%	1	8
386	10	29.1%	10.25	9.40	11.20	550.00	47.90	51.30	50.30	28.7%	3	271
27	1	29.1%	10.00	8.30	10.00	555.00	51.70	56.10	48.80	30.0%	1	31
90	2	29.6%	8.95	6.20	9.30	560.00	55.60	60.10	61.48	30.2%	1	221
81	76	29.6%	7.40	5.60	8.30	565.00	60.60	64.10	63.68	30.2%	1	19
297	1	30.0%	5.80	4.90	7.60	570.00	63.70	68.20	68.80	30.3%	1	179
83	29	28.7%	5.10	5.20	6.00	575.00	67.80	72.40	51.50	30.4%	10	18
215	3	32.4%	4.90	2.50	7.40	580.00	73.10	76.70	54.60	30.5%	2	361
34	9	29.4%	4.20	3.30	5.00	585.00	77.30	81.20	63.17	30.9%	2	10
82	5	29.2%	3.60	2.85	4.30	590.00	81.70	85.60	76.90	31.0%	3	11
32	2	29.7%	3.20	2.30	4.00	595.00	86.00	90.20	75.71	31.4%	1	37
669	7	30.4%	3.03	2.15	3.80	600.00	90.10	94.70	96.56	31.5%	1	46
13	2	30.3%	2.14	1.65	3.30	605.00	95.40	99.40	102.20	31.9%	1	5
110	1	30.3%	2.25	1.55	2.90	610.00	99.60	104.10	108.50	32.3%	1	3
29	5	31.8%	1.90	0.90	3.10	615.00	104.40	108.80	83.07	32.6%	3	17
145	2	34.6%	1.80	1.00	3.80	620.00	108.90	113.50	90.90	32.8%	1	58
50	10	30.5%	1.50	1.05	2.00	625.00	113.70	118.30	74.49	33.2%	1	25
120	1	34.5%	1.46	0.00	3.00	630.00	0.00	0.00	56.09	—	2	0
112	4	33.3%	3.40	0.15	2.30	635.00	123.40	128.20	82.69	34.8%	1	2
135	1	32.1%	0.77	0.40	1.70	640.00	128.40	132.80	105.40	34.5%	1	8
142	6	32.5%	0.97	0.10	1.60	645.00	0.00	0.00	67.70	—	—	0
134	10	30.5%	0.75	0.00	1.00	650.00	137.00	143.90	97.15	39.6%	1	0
9	3	33.3%	2.50	0.10	1.40	655.00	137.50	144.00	98.60	—	—	2
106	1	32.6%	0.65	0.20	1.10	660.00	0.00	0.00	75.10	—	1	0
12	8	34.4%	0.70	0.10	1.30	665.00	146.60	152.90	126.10	—	—	2
36	4	33.0%	0.67	0.00	0.90	670.00	151.40	157.00	166.00	—	1	11
11	9	35.9%	5.84	0.00	1.30	675.00	114.00	120.80	106.30	—	2	1
105	16	34.1%	0.38	0.10	0.85	680.00	0.00	0.00	91.00	—	2	0
13	1	36.9%	1.80	0.00	1.20	685.00	—	—	—	—	—	—
32	2	38.6%	1.60	0.00	1.40	690.00	174.00	181.30	167.07	35.8%	1	1
17	1	35.5%	0.35	0.00	0.75	695.00	—	—	—	—	—	—
164	4	36.1%	0.30	0.00	0.75	700.00	183.30	190.70	168.32	31.8%	—	1
31	7	37.2%	1.05	0.00	0.80	705.00	—	—	—	—	—	—
0	3	12.5%	4.61	0.00	0.00	710.00	0.00	0.00	176.00	—	1	0
40	1	39.8%	0.65	0.00	0.90	720.00	202.50	210.30	175.02	—	2	0
0	2	12.5%	6.54	0.00	0.00	730.00	—	—	—	—	—	—
56	1	44.1%	2.88	0.00	1.15	740.00	—	—	—	—	—	—
46	1	44.0%	1.05	0.00	0.95	750.00	—	—	—	—	—	—
0	1	12.5%	5.00	0.00	0.00	760.00	189.00	198.00	209.10	—	—	0
134	6	36.6%	0.10	0.10	0.15	770.00	—	—	—	—	—	—
0	4	25.0%	3.70	0.00	0.00	780.00	—	—	—	—	—	—
21	1	53.7%	1.75	0.25	3.20	790.00	—	—	—	—	—	—
61	2	48.2%	0.65	0.00	0.75	800.00	—	—	—	—	—	—
0	4	25.0%	19.60	0.00	0.00	810.00	—	—	—	—	—	—
62	28	54.0%	0.24	0.00	1.20	820.00	248.00	258.00	267.90	—	—	0
0	1	25.0%	1.80	0.00	0.00	830.00	—	—	—	—	—	—
0	2	25.0%	1.75	0.00	0.00	840.00	—	—	—	—	—	—
0	32	25.0%	2.02	0.00	0.00	860.00	—	—	—	—	—	—
203	1	54.3%	0.11	0.00	0.55	880.00	—	—	—	—	—	—
346	1	60.8%	0.20	0.00	2.00	900.00	—	—	—	—	—	—
4	1	72.1%	0.05	0.00	4.90	920.00	—	—	—	—	—	—
70	1	74.2%	0.05	0.00	4.90	940.00	—	—	—	—	—	—
40	32	76.2%	0.23	0.00	4.90	960.00	—	—	—	—	—	—
71	1	78.1%	0.10	0.00	4.90	980.00	—	—	—	—	—	—

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 December 18, 2026 expiration, the LMT put/call ratio based on open interest is 0.97 (6,410 puts vs 6,625 calls), and 0.60 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 December 18, 2026 is about 29.2%, 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.