LMT · expected move by expiry
Lockheed Martin is priced to move 3.6% by 2026-Sep-04.
Options price a ±3.64% move (about $20.51) by 2026-Sep-04 (Fri), a range of 539.24 to 580.26 from the last price of 563.85. Max pain for that expiry is 585.00.
LMT
Lockheed Martin Corporation
Last
563.85 -2.04 (-0.4%)
Next expiry move
±3.64% 6 days
Vol regime
Low
Put / call
1.10
Weekend
Fetched 2026-08-30, 02:52:27 AM ET
Fetched 2026-08-30, 02:52:27 AM ET
expected range last price 563.85 max painAxis 503 to 611, shared by every row
Expiry
Expected range (1 SD)
Expected move
Max pain
Odds inside
2026-Sep-04Fri, 6 days
539.24
580.26
Expected move±3.64%±$20.51
Max pain585.003.8% above last price
Odds of closing inside67%put/call 1.10
2026-Sep-11Fri, 13 days
529.19
586.96
Expected move±5.12%±$28.89
Max pain570.001.1% above last price
Odds of closing inside68%put/call 0.64
2026-Sep-18Fri, 20 days
520.49
592.75
Expected move±6.41%±$36.13
Max pain560.000.7% below last price
Odds of closing inside68%put/call 1.32
2026-Sep-25Fri, 27 days
515.74
595.92
Expected move±7.11%±$40.09
Max pain595.005.5% above last price
Odds of closing inside68%put/call 1.55
2026-Oct-02Fri, 34 days
508.41
604.99
Expected move±8.56%±$48.29
Max pain570.001.1% above last price
Odds of closing inside68%put/call 1.92
Options flow, nearest expiry
Neutral
Expensive options, selling pressure likely Score -0.08 on a -1 to +1 scale.
Key levels from open interest
547.50 / 587.50
Heaviest put open interest sits at 547.50 and heaviest call open interest at 587.50. Price tends to gravitate toward large open interest into expiry.
Setup
Pre-Earnings / IV Spike Setup
Read from implied volatility, momentum and breakout signals across the chain. Descriptive, not a forecast.
Reading the LMT expected move table
Each row is one expiry. The shaded band is the one-standard-deviation range the option chain implies for LMT on that date: the market gives roughly a two-in-three chance that LMT closes inside it and a one-in-three chance it closes outside. The black tick is the last traded price, 563.85. The diamond is max pain, the strike where option holders would collect the least if the stock settled there.
The range widens with time because uncertainty compounds with the square root of time: the 2026-Oct-02 range (±8.56%) is wider than the 2026-Sep-04 range (±3.64%) even though the daily volatility behind both is the same. Read the methodology for the formulas, or the guide to what the expected move means in practice.
Figures are derived from delayed public option data and recalculated through the trading day. Nothing on this page is investment advice. Machine-readable version: /api/expected-move/LMT.
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