Lockheed Martin Corporati... (LMT)
NYSE: LMT
· Real-Time Price · USD
438.03
0.71 (0.16%)
At close: Aug 15, 2025, 11:09 AM
LMT Delta Exposure By Expiry
The total Delta Exposure (DEX) for LMT across all expirations shows 1,786,002 net shares that market makers must hedge, with 7,469,881.45 from calls and 5,683,879.45 from puts. The put-call delta ratio of 0.76 suggests neutral market maker positioning. The largest delta concentration at Jan 15, 27 with 546,521.67 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
LMT DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 421,326.48 | -189,287.02 | 232,039.46 | 0.45 |
| Aug 29, 25 | 420,794.14 | -87,251.57 | 333,542.57 | 0.21 |
| Sep 5, 25 | 135,636.55 | -37,265.57 | 98,370.98 | 0.27 |
| Sep 12, 25 | 50,846.72 | -26,149.21 | 24,697.51 | 0.51 |
| Sep 19, 25 | 1,829,571.85 | -1,901,890.02 | -72,318.17 | 1.04 |
| Sep 26, 25 | 30,692.25 | -8,001.85 | 22,690.4 | 0.26 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 754,372.56 | -884,851.19 | -130,478.63 | 1.17 |
| Jan 16, 26 | 1,554,211.76 | -1,269,748.65 | 284,463.11 | 0.82 |
| Mar 20, 26 | 398,903.89 | -393,441.28 | 5,462.61 | 0.99 |
| Jun 18, 26 | 457,312.77 | -249,040.12 | 208,272.65 | 0.54 |
| Sep 18, 26 | 173,321.46 | -43,991.07 | 129,330.39 | 0.25 |
| Dec 18, 26 | 303,478.65 | -200,071.2 | 103,407.45 | 0.66 |
| Jan 15, 27 | 939,412.37 | -392,890.7 | 546,521.67 | 0.42 |