Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
LMT options intelligence
Lockheed Martin Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
33
Market data through 31 Jul 2026
Checked 1 Aug 2026 19:13 · partial chain
Call-side pressure
Bullish pressure
LMT currently carries bullish options pressure with a 32/100 conviction score. The nearest-chain expected move is 3.2%, with volume/open-interest participation at 0.06.
Expected move
3.2%
Near-term move context
Activity / OI
0.06
Current volume is quieter versus prior open interest
Put-call
0.68
Call-side skew
Trend fit
46
Options are not fully confirming trend
Weekly backdrop
+0.0%
RS 1.8
Expected move
3.2%
Put-call volume
0.68
Volume / OI
0.06
Reference IV
0.29
Max pain
545.00
Underlying
582.74
Nearest expiry
7 Aug 2026
Contracts
2000
Research Brief
LMT has a bullish chain read with 32/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 564.24–601.24; The largest call open-interest concentration is 660.00; the largest put concentration is 385.00. The most active strike by current volume is 580.00.
Priced range564.24–601.24
Call concentration660.00
Put concentration385.00
Max pain reference545.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 564.24 to 601.24. Max pain at 545.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
564.24582.74 ± 18.50601.24
Confirmation level
A close beyond 601.24 or below 564.24 at the 7 Aug expiry would exceed the move currently priced by this chain.
Important limitation
The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.
Score Construction
Why conviction is 33/100
Pressure is 19/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure19 × 42%
+8.1
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.1
Volume relative to existing open interest and contract-level activity.
Trend agreement46 × 26%
+12.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility33 × 10%
+3.3
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 660.00; the largest put concentration is 385.00. The most active strike by current volume is 580.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
173
320.00-45.1%
0
209
330.00-43.4%
0
640
385.00-33.9%
48
403
390.00-33.1%
1
528
395.00-32.2%
1
296
420.00-27.9%
9
123
500.00-14.2%
6
99
520.00-10.8%
125
154
525.00-9.9%
25
128
535.00-8.2%
21
139
545.00-6.5%
67
36
580.00-0.5%
53
5
585.000.4%
95
0
600.003.0%
177
0
660.0013.3%
444
0
675.0015.8%
307
0
685.0017.5%
238
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.29
7 Aug
7d
0.28
14 Aug
14d
0.28
21 Aug
21d
0.28
28 Aug
28d
0.30
4 Sep
35d
0.28
11 Sep
42d
0.28
18 Sep
49d
0.30
20 Nov
112d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
470
490
500
510
520
530
540
550
560
570
580
588
598
608
618
628
638
648
658
675
695
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 2026; its result will appear after the matched closing reference is stored.
Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
- Versioned calculationv2 observations only
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Good
Retained chain78%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Retained chain subset
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 2000 / 2560
- 78% of provider contracts were retained for this snapshot.
Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.
Options Intent Radar
Short-dated OTM call concentration
Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.
Call-side pressure is building before a meaningful weekly price response.
Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $4.5M of estimated gross traded notional, calls · 8-21 days · atm, and a bullish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+19
1W price+0.0%
Call premium78%
Put premium22%
Notional split
C 78% / P 22%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.06
Volume divided by open interest across the visible chain.
Trend fit
46/100
Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 8-21 days · ATM
calls cluster with 679 contracts traded, $1.1M estimated gross traded notional, and 24% of visible notional.
$1.1M
Calls · 8-21 days · OTM
calls cluster with 1339 contracts traded, $547340 estimated gross traded notional, and 12% of visible notional.
$547340
Calls · 0-7 days · ITM
calls cluster with 92 contracts traded, $385180 estimated gross traded notional, and 8% of visible notional.
$385180
Calls · 91+ days · ITM
calls cluster with 17 contracts traded, $284290 estimated gross traded notional, and 6% of visible notional.
$284290
Puts · 8-21 days · OTM
puts cluster with 872 contracts traded, $222043 estimated gross traded notional, and 5% of visible notional.
$222043
Setup Classification
Opportunity and risk frame
Call pressure is building while the stock sits above Sharemaestro fair value.
Activity Anomaly
Warming up
3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 3 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close582.74
1W+0.0%
RS1.8
Fair value+22.4%
Options pressure19
Speculation41
Volatility33
Trend fit46
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:01
Mixed
Pressure 0
Move 2.3%
30 Jul 10:01
Mixed
Pressure -17
Move 2.9%
31 Jul 13:29
Mixed
Pressure 1
Move 2.2%
31 Jul 13:48
Mixed
Pressure -1
Move 1.8%
31 Jul 15:25
Mixed
Pressure -4
Move 1.8%
31 Jul 23:31
Mixed
Pressure 7
Move 0.3%
1 Aug 18:13
Bullish
Pressure 19
Move 3.2%
Strike Map
Where activity is clustering
Strike315.00
Calls · V 0 · OI 0
Puts · V 0 · OI 61
Strike320.00
Calls · V 0 · OI 0
Puts · V 1 · OI 173
Strike325.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike330.00
Calls · V 0 · OI 0
Puts · V 0 · OI 209
Strike335.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike340.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike345.00
Calls · V 0 · OI 0
Puts · V 0 · OI 9
Strike350.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts242
Avg IV0.29
Put-call0.50
Expiry14 Aug 2026
Contracts240
Avg IV0.28
Put-call1.83
Expiry21 Aug 2026
Contracts190
Avg IV0.28
Put-call0.13
Expiry28 Aug 2026
Contracts174
Avg IV0.28
Put-call6.33
Expiry4 Sep 2026
Contracts196
Avg IV0.30
Put-call1.00
Skew
Call/put IV balance
7 Aug 2026Balanced skew
Call IV0.27
Put IV0.27
Skew-
14 Aug 2026Balanced skew
Call IV0.26
Put IV0.28
Skew0.02
21 Aug 2026Balanced skew
Call IV0.28
Put IV0.25
Skew-0.03
28 Aug 2026Balanced skew
Call IV0.27
Put IV0.29
Skew0.02
4 Sep 2026Balanced skew
Call IV0.27
Put IV0.32
Skew0.05
Contract Tape
Most active contracts
ContractLMT260821C00585000
SideCall
Expiry21 Aug 2026
Strike585.00
Volume574
OI521
IV0.29
ContractLMT260821C00610000
SideCall
Expiry21 Aug 2026
Strike610.00
Volume559
OI149
IV0.28
ContractLMT260814P00547500
SidePut
Expiry14 Aug 2026
Strike547.50
Volume382
OI-
IV0.35
ContractLMT260821C00675000
SideCall
Expiry21 Aug 2026
Strike675.00
Volume224
OI8
IV0.36
ContractLMT260814C00675000
SideCall
Expiry14 Aug 2026
Strike675.00
Volume224
OI-
IV0.25
ContractLMT260828P00505000
SidePut
Expiry28 Aug 2026
Strike505.00
Volume195
OI7
IV0.17
ContractLMT260821C00600000
SideCall
Expiry21 Aug 2026
Strike600.00
Volume132
OI531
IV0.28
ContractLMT260821P00430000
SidePut
Expiry21 Aug 2026
Strike430.00
Volume100
OI33
IV0.41
Research Graph
Related research and context
Sharemaestro research
Related News
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Options context
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Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.