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: May 21, 2027
Days to expiration: 223
Share price: $509.59
Put/call ratio (OI): 0.60
Put/call ratio (volume): 1.16
ATM implied volatility: 29.2%
Expected move: ±$116.39
Open interest (C / P): 1.88K / 1.13K

LMT options summary

The LMT options chain for the May 21, 2027 expiration lists 80 call and 71 put contracts, with 223 days until expiration. Open interest stands at 1,876 calls and 1,130 puts, a put/call ratio of 0.60, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $510.00 strike is 29.2%, which implies the market expects a move of about ±$116.39 (22.8%) in Lockheed Martin stock by expiration.

The most open interest sits at the $940.00 call (268 contracts) and the $360.00 put (91 contracts).

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

LMT options chain · May 21, 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
1	—	134.5%	227.50	296.00	305.00	270.00	0.00	2.80	0.88	48.8%	—	60
—	—	—	—	—	—	280.00	0.00	1.60	0.50	41.7%	1	0
—	—	—	—	—	—	290.00	0.05	1.85	2.80	40.6%	—	1
1	—	113.1%	210.00	260.50	270.00	300.00	0.00	3.40	1.15	43.5%	6	24
0	—	—	318.00	0.00	0.00	305.00	0.25	1.95	1.34	37.8%	12	12
—	—	—	—	—	—	310.00	0.00	2.75	1.40	39.4%	6	27
—	—	—	—	—	—	315.00	0.00	0.00	1.15	12.5%	1	0
—	—	—	—	—	—	320.00	0.85	2.25	1.55	35.7%	3	24
—	—	—	—	—	—	325.00	0.30	3.70	1.62	38.6%	3	5
—	—	—	—	—	—	330.00	1.20	2.70	4.60	35.0%	2	3
—	—	—	—	—	—	335.00	1.00	6.30	2.80	41.7%	1	3
1	1	59.2%	185.50	182.00	190.00	345.00	0.40	7.60	2.45	41.5%	3	3
—	—	—	—	—	—	350.00	0.80	4.80	2.56	35.6%	4	9
—	—	—	—	—	—	355.00	5.20	9.40	6.45	41.8%	—	3
—	—	—	—	—	—	360.00	2.70	4.60	3.40	33.1%	35	91
1	—	56.9%	161.78	165.00	174.00	365.00	—	—	—	—	—	—
—	—	—	—	—	—	375.00	1.00	8.70	10.30	36.1%	1	1
1	2	83.8%	201.10	186.10	194.00	380.00	2.75	7.40	5.50	33.2%	3	16
—	—	—	—	—	—	390.00	3.90	7.00	6.75	30.5%	1	13
—	—	—	—	—	—	395.00	3.00	12.00	14.90	35.4%	2	16
18	1	48.9%	147.35	128.00	137.00	400.00	5.20	10.00	8.30	32.0%	1	72
0	1	—	141.00	0.00	0.00	410.00	7.60	11.50	9.50	31.3%	1	7
—	—	—	—	—	—	415.00	8.90	12.30	10.00	31.0%	1	5
2	1	36.4%	99.60	104.20	109.00	420.00	9.30	13.30	11.30	30.8%	3	8
—	—	—	—	—	—	425.00	9.90	14.30	12.00	30.5%	2	8
2	1	34.9%	99.20	96.70	100.30	430.00	12.30	13.80	10.60	28.9%	1	21
2	1	35.3%	95.83	92.90	97.40	435.00	12.90	14.90	14.90	28.6%	3	40
1	1	34.9%	84.90	89.20	93.70	440.00	14.80	16.60	16.40	28.9%	3	11
3	1	34.8%	91.40	85.50	90.30	445.00	16.00	18.20	13.90	28.9%	1	7
16	1	33.7%	82.73	82.10	85.70	450.00	16.30	20.40	20.00	29.4%	1	75
8	1	34.3%	106.30	78.50	83.30	455.00	18.20	21.80	19.40	29.1%	1	10
10	13	45.6%	140.81	88.00	96.30	460.00	20.10	23.40	17.70	29.0%	4	32
2	1	63.3%	131.71	115.60	122.90	465.00	21.60	24.80	25.60	28.7%	5	9
5	1	32.7%	87.00	68.70	72.20	470.00	22.80	26.70	22.90	28.6%	4	42
11	1	32.6%	72.90	65.90	69.20	475.00	25.50	26.50	27.90	27.1%	1	40
3	1	32.8%	63.55	62.70	66.80	480.00	26.50	28.50	26.25	27.0%	8	37
0	5	—	135.65	0.00	0.00	485.00	29.00	31.30	30.44	27.4%	10	48
3	2	59.2%	79.30	98.70	104.90	490.00	30.40	33.70	26.50	27.5%	1	14
20	2	32.5%	49.50	53.80	58.60	495.00	20.20	26.00	42.80	20.9%	2	8
31	2	31.6%	48.00	51.70	54.60	500.00	35.60	37.70	37.00	26.9%	20	82
18	4	31.1%	51.00	49.00	51.50	505.00	38.40	40.80	36.33	27.2%	2	7
LMT $509.59
36	1	31.6%	44.60	46.10	50.00	510.00	40.10	42.90	41.90	26.9%	2	6
55	1	31.1%	42.70	43.60	47.00	515.00	42.50	45.90	48.10	27.0%	1	33
24	2	30.8%	42.50	41.30	44.40	520.00	45.40	48.60	40.20	26.9%	7	25
8	1	31.7%	40.69	40.40	43.80	525.00	48.50	51.30	42.10	26.8%	5	11
54	8	31.6%	33.00	38.00	41.60	530.00	51.00	54.10	54.62	26.6%	5	22
12	3	31.4%	35.50	35.90	39.50	535.00	54.20	57.00	49.28	26.5%	4	12
10	4	30.9%	43.60	34.00	36.80	540.00	57.20	60.00	60.80	26.4%	3	10
11	1	30.4%	56.50	31.20	34.30	545.00	60.10	63.10	55.70	26.2%	1	13
44	1	30.4%	30.30	29.00	32.50	550.00	63.30	66.30	65.82	26.1%	3	38
9	4	30.2%	26.70	28.60	30.70	555.00	43.70	52.00	63.90	13.5%	2	21
9	3	31.1%	43.60	25.70	30.40	560.00	74.00	83.00	66.50	32.5%	1	1
19	3	31.0%	29.70	25.50	28.80	565.00	72.10	76.50	73.50	25.9%	1	6
32	3	30.9%	23.26	22.40	27.30	570.00	77.20	79.90	76.70	25.7%	1	6
13	1	30.6%	33.80	21.10	25.40	575.00	55.00	59.70	53.20	—	3	4
24	1	30.6%	34.90	21.30	24.20	580.00	82.50	87.30	61.90	25.5%	1	7
7	7	30.2%	20.40	18.60	22.30	585.00	0.00	0.00	47.50	—	—	0
14	3	30.1%	28.00	18.40	21.00	590.00	80.00	88.00	60.50	19.6%	—	1
43	6	30.2%	22.85	16.00	20.00	595.00	94.20	98.90	68.60	25.3%	2	3
123	11	30.1%	17.10	16.30	18.80	600.00	0.00	0.00	51.33	—	3	0
15	3	30.3%	15.40	13.90	18.00	605.00	102.60	106.80	96.90	25.0%	1	4
24	3	30.3%	14.27	14.00	17.00	610.00	106.20	111.10	111.40	25.1%	1	1
15	4	30.8%	14.20	11.90	16.80	615.00	—	—	—	—	—	—
92	3	30.3%	19.80	11.10	15.30	620.00	82.00	87.60	75.00	—	—	1
4	1	30.9%	21.40	12.00	15.10	625.00	—	—	—	—	—	—
14	5	31.0%	32.75	9.40	14.40	630.00	0.00	0.00	74.30	—	—	0
7	1	30.2%	30.10	9.50	12.70	635.00	0.00	0.00	82.30	—	5	0
19	1	46.5%	41.90	25.00	33.40	640.00	0.00	0.00	85.30	—	6	0
43	3	30.4%	16.30	7.60	11.60	645.00	0.00	0.00	75.30	—	8	0
17	2	31.1%	9.16	6.80	11.70	650.00	0.00	0.00	77.20	—	14	0
0	3	6.3%	41.90	0.00	0.00	655.00	0.00	0.00	83.60	—	—	0
39	1	30.8%	7.40	5.70	10.10	660.00	—	—	—	—	—	—
53	1	31.1%	7.35	7.00	9.80	665.00	—	—	—	—	—	—
21	6	31.3%	7.07	6.60	9.50	670.00	—	—	—	—	—	—
18	1	31.2%	6.62	6.20	8.90	675.00	—	—	—	—	—	—
39	1	31.8%	11.20	3.90	8.90	680.00	—	—	—	—	—	—
7	1	31.2%	8.70	5.40	7.90	685.00	—	—	—	—	—	—
17	15	31.9%	5.50	3.20	8.10	690.00	—	—	—	—	—	—
3	2	30.7%	8.50	3.40	6.60	695.00	—	—	—	—	—	—
127	1	29.4%	4.60	4.50	5.30	700.00	0.00	0.00	110.95	—	—	0
0	1	6.3%	16.10	0.00	0.00	705.00	—	—	—	—	—	—
7	1	32.0%	9.40	2.80	6.50	710.00	—	—	—	—	—	—
10	1	30.7%	5.30	3.50	5.20	715.00	—	—	—	—	—	—
16	4	32.8%	3.70	1.80	6.40	720.00	200.00	209.00	207.20	—	—	10
16	5	31.0%	3.80	2.05	4.80	725.00	165.10	172.30	233.33	—	1	1
9	2	33.6%	6.67	0.70	5.70	740.00	—	—	—	—	—	—
10	1	33.1%	5.16	0.80	4.30	760.00	—	—	—	—	—	—
14	2	32.0%	4.40	1.75	2.90	780.00	—	—	—	—	—	—
11	1	34.1%	3.36	1.00	3.20	800.00	—	—	—	—	—	—
5	—	49.3%	8.40	4.00	13.00	820.00	—	—	—	—	—	—
12	2	42.2%	6.90	3.60	6.10	840.00	—	—	—	—	—	—
8	8	48.0%	12.40	2.00	9.20	860.00	—	—	—	—	—	—
15	5	42.2%	3.70	2.75	4.50	880.00	—	—	—	—	—	—
194	2	38.0%	0.95	0.00	2.15	900.00	—	—	—	—	—	—
0	1	12.5%	4.00	0.00	0.00	920.00	—	—	—	—	—	—
268	5	38.2%	0.80	0.00	1.55	940.00	—	—	—	—	—	—

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 May 21, 2027 expiration, the LMT put/call ratio based on open interest is 0.60 (1,130 puts vs 1,876 calls), and 1.16 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 May 21, 2027 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.