Lockheed Martin not only landed on a fundamental price level today (The price that it was at before Covid March 2020 Market Crash), but it also acquire roughly a $1B in Volume total, 2nd to JNJ. We like it for the continue concerned across seas that seem to be gaining more and more tension. Whether it's Ukraine/Russia or the worries in Asia, we will be looking to place some CALLs (ITM) to hold at least back to $458 to confirm that a Support to Resistance Conversion is not being completed.
If so, Lockheed could potentially lose support at the $440 Levels and move back down below the 410-420 Price Levels
Regardless, we will be playing options to create a new positioning moving forward.
If so, Lockheed could potentially lose support at the $440 Levels and move back down below the 410-420 Price Levels
Regardless, we will be playing options to create a new positioning moving forward.
Tim Burks | Founder - MyMI Wallet
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www.mymiwallet.com
Empower your finances with our Personal Budgeting and Investment Forecasting Tools. Unlock your investment potential today at MyMI Wallet.
www.mymiwallet.com
LMT has broken above the $458.05 Price Level that we were looking for and has since traded into the higher range price levels that we have identified. Not big on holding over the week but if we find the theta in a favorable spot, we're more than willing to do so.