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: Jan 15, 2027
Days to expiration: 96
Share price: $509.59
Put/call ratio (OI): 0.88
Put/call ratio (volume): 0.67
ATM implied volatility: 28.5%
Expected move: ±$74.47
Open interest (C / P): 11.85K / 10.39K

LMT options summary

The LMT options chain for the January 15, 2027 expiration lists 63 call and 52 put contracts, with 96 days until expiration. Open interest stands at 11,850 calls and 10,390 puts, a put/call ratio of 0.88, which is fairly balanced between calls and puts. At-the-money implied volatility near the $510.00 strike is 28.5%, which implies the market expects a move of about ±$74.47 (14.6%) in Lockheed Martin stock by expiration.

The most open interest sits at the $700.00 call (1.39K contracts) and the $550.00 put (1.53K contracts).

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

LMT options chain · January 15, 2027

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
2	2	85.7%	293.60	287.70	294.70	220.00	0.00	0.20	0.05	59.8%	2	212
1	1	136.4%	214.37	290.00	299.00	230.00	0.00	1.00	0.20	68.5%	4	76
10	10	276.3%	433.79	348.20	356.50	240.00	0.00	0.00	0.10	25.0%	1	0
10	1	385.5%	373.99	395.00	403.00	250.00	0.00	4.90	0.05	79.8%	4	107
0	1	—	268.16	0.00	0.00	260.00	0.00	0.00	0.15	25.0%	1	0
0	1	68.8%	297.51	238.00	245.00	270.00	0.00	1.00	0.24	55.7%	20	139
2	1	184.7%	238.15	279.40	288.60	280.00	0.00	0.80	0.28	51.3%	20	247
25	1	378.1%	289.70	382.00	389.00	290.00	0.05	1.05	0.10	50.7%	1	36
28	1	57.2%	227.60	208.20	214.30	300.00	0.00	2.15	0.13	53.1%	5	191
13	1	305.4%	319.89	338.00	346.00	310.00	0.00	2.35	0.60	51.0%	6	56
6	2	203.5%	316.32	270.10	280.00	320.00	0.00	4.70	2.10	54.8%	2	40
7	1	51.5%	199.88	178.50	185.30	330.00	0.00	1.25	0.37	45.9%	1	38
0	1	—	281.00	0.00	0.00	340.00	0.00	0.00	0.56	12.5%	1	0
0	1	—	250.00	0.00	0.00	350.00	0.00	1.40	0.52	41.3%	6	349
11	1	256.9%	282.20	291.00	299.00	360.00	0.00	2.00	0.65	41.5%	2	246
23	1	51.1%	169.44	139.20	145.80	370.00	0.20	2.05	1.00	39.0%	7	261
0	1	—	229.30	0.00	0.00	380.00	0.60	1.45	1.00	33.8%	1	126
38	4	116.1%	194.50	172.60	178.60	390.00	0.50	2.10	1.40	33.8%	3	271
139	2	42.3%	112.30	111.60	116.20	400.00	1.10	2.30	1.80	31.9%	3	1,024
67	1	40.1%	131.00	102.20	106.70	410.00	1.75	2.65	2.40	30.3%	2	197
108	3	59.7%	165.64	109.70	115.10	420.00	2.60	3.60	4.70	30.0%	10	247
196	52	37.0%	84.50	83.90	88.70	430.00	1.55	6.50	5.10	32.8%	4	169
33	1	35.7%	112.70	75.50	80.10	440.00	3.50	6.70	6.90	30.0%	3	193
96	2	33.1%	67.51	67.20	70.70	450.00	6.50	7.60	7.36	28.3%	1	354
62	73	32.4%	75.50	59.30	62.90	460.00	8.60	9.60	9.10	27.7%	2	399
114	1	31.9%	53.60	51.80	55.70	470.00	9.80	12.60	14.20	27.9%	1	332
144	1	30.9%	46.10	44.90	48.40	480.00	14.20	17.10	16.90	29.1%	10	312
121	1	30.7%	34.60	38.50	42.30	490.00	17.00	20.10	19.13	28.1%	3	300
1,028	2	30.1%	33.70	32.60	36.20	500.00	21.90	23.80	23.38	27.3%	76	644
LMT $509.59
159	3	29.4%	28.80	27.30	30.60	510.00	26.60	29.10	30.00	27.6%	1	662
248	5	29.2%	23.50	22.60	26.00	520.00	31.80	35.00	34.90	27.9%	2	202
328	2	29.2%	19.11	20.10	22.00	530.00	37.80	41.00	40.50	27.8%	1	518
282	2	30.3%	17.00	14.90	19.70	540.00	44.00	47.50	47.70	27.7%	3	162
589	4	30.4%	13.90	12.00	16.70	550.00	50.70	53.50	52.75	26.6%	10	1,529
140	9	28.6%	11.60	11.30	12.40	560.00	58.40	62.10	61.51	27.8%	1	160
223	28	29.0%	8.86	9.20	10.60	570.00	66.00	70.00	69.08	27.8%	1	91
267	3	28.5%	7.40	7.20	8.30	580.00	74.60	78.30	77.26	28.0%	1	123
201	6	28.6%	4.98	5.70	6.80	590.00	83.40	86.90	54.05	28.2%	1	113
804	1	28.9%	4.70	4.20	5.70	600.00	92.30	95.80	94.93	28.4%	9	121
169	1	30.2%	3.90	2.10	5.30	610.00	100.50	105.00	105.70	28.9%	5	42
280	1	29.4%	3.10	2.80	3.90	620.00	110.20	114.20	119.90	29.2%	2	59
113	7	29.5%	2.70	2.25	3.20	630.00	119.60	123.70	101.20	29.8%	1	19
292	2	30.3%	2.35	1.25	2.85	640.00	0.00	0.00	66.20	—	2	0
483	1	30.1%	1.90	1.35	2.25	650.00	0.00	0.00	141.00	—	1	0
162	3	31.0%	1.35	1.25	2.05	660.00	132.90	138.40	91.80	—	1	5
154	2	34.6%	1.05	0.85	2.35	680.00	0.00	0.00	91.20	—	3	0
1,388	2	34.2%	0.65	0.65	1.50	700.00	0.00	0.00	107.30	—	8	0
81	2	36.4%	1.69	0.25	1.45	720.00	0.00	0.00	102.00	—	1	0
67	1	36.6%	0.56	0.00	1.05	740.00	201.40	207.50	240.00	—	2	16
88	1	37.2%	0.40	0.25	0.80	760.00	173.30	180.90	144.80	—	1	2
73	10	38.4%	0.28	0.10	0.70	780.00	0.00	0.00	223.18	—	—	0
1,055	9	41.1%	0.30	0.05	0.80	800.00	—	—	—	—	—	—
17	10	52.6%	2.40	0.05	3.10	810.00	—	—	—	—	—	—
166	10	44.6%	0.33	0.00	1.05	820.00	—	—	—	—	—	—
35	10	47.6%	0.30	0.00	1.40	830.00	—	—	—	—	—	—
108	4	48.3%	0.05	0.00	1.35	840.00	—	—	—	—	—	—
0	32	25.0%	2.64	0.00	0.00	860.00	—	—	—	—	—	—
0	2	25.0%	2.00	0.00	0.00	880.00	—	—	—	—	—	—
1,266	3	51.7%	0.13	0.00	1.05	900.00	263.00	271.00	409.00	—	5	0
17	2	60.6%	2.65	0.00	4.80	920.00	—	—	—	—	—	—
31	1	51.4%	0.53	0.00	0.65	940.00	—	—	—	—	—	—
71	10	63.3%	1.10	0.10	4.40	960.00	—	—	—	—	—	—
209	35	53.8%	0.20	0.00	1.20	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 January 15, 2027 expiration, the LMT put/call ratio based on open interest is 0.88 (10,390 puts vs 11,850 calls), and 0.67 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 January 15, 2027 is about 28.5%, 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.