NEW DIRECTIONAL CALL PLAYS
Lockheed Martin Corp. - LMT - close: 124.54 change: +0.28
Stop Loss: 123.45
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below
Why We Like It:
The aerospace and defense stocks continue to rally. The group seems impervious to the market's recent pullback. Shares of LMT managed to post another gain and tag another new all-time high today. There might be a reason for all the bullishness. The sequestration cuts have not appear to have much impact. LMT reported earnings on July 23rd and beat Wall Street estimates on both the top and bottom line. The company then raised guidance.
LMT is currently hovering just below the $125.00 level. A breakout could keep the momentum going toward $130. We are suggesting small bullish positions if LMT can trade at $125.25. If triggered our target is $129.75.
Trigger @ 125.25 *small positions*
- Suggested Positions -
buy the Sep $125 call (LMT1321i125) current ask $2.20
Entry on August -- at $---.--
Average Daily Volume = 1.6 million
Listed on August 07, 2013