$LMT Soars – Lockheed Martin Flies like a ‘7.37’%

$LMT soared again like it did after reporting earnings last quarter.  This time however, the stock was able to hold its gains and then some.


Yesterday the option market was not expecting such a dramatic rally.  The $237.50 calls were stable most of the session despite the looming earnings report and a late day 'rally', if 1% even qualifies as one after today's near 8% move.

Lucky for us, we positioned for upside into the report.  The $237.50 calls were trading right near $1 all day yesterday.  Today they closed over 1,200% higher.

It will be interesting to see if $LMT continues its positive momentum.  After a $17 move higher today, you would think some consolidation would be in order tomorrow, either way I think the stock is setting up for a move to fresh record highs later this year.


Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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