LMT
Lockheed MartinPrices and gamma are point-in-time snapshots taken at the time shown. Dealer positioning is an assumption, not an observable: open interest shows that a contract exists, never which side a dealer holds. How dealer gamma is computed.
LIVE MARKET SNAPSHOT
| Call Wall | 540 |
| Put Wall | 535 |
| GEX Flip | 535 |
| Vol Trigger | 537.5 |
| Net GEX | -$4.3M |
Cached snapshot as of 2026-09-16 05:59 UTC, live streaming data in the terminal.
LMT DEALER GAMMA BY STRIKE
Part of the SquawkFlow GEX Calculator: gamma by strike for any US stock. Compare with SPX GEX.
Net gamma exposure at each strike near LMT's spot price, signed from the dealer perspective, calls positive, puts negative. Green strikes are where hedging tends to dampen moves; red is where it tends to amplify them. Dealer positioning is an assumption rather than an observable, so treat these as a map of where hedging pressure concentrates, not a forecast.
Unit: USD of dealer gamma per 1 percent move in spot. A window of the LMT option chain, not the whole book: the 30 strikes nearest spot out of 83 seen, 1,278 contract rows spanning 16 expirations. Gamma is taken as the chain publishes it per contract; nothing here is re-priced. Crossed with the open interest carried on that chain.
New to these levels? Start with the call wall and put wall, or the zero gamma level where the sign of dealer hedging flips.
| Strike | Net GEX | Call GEX | Put GEX | Concentration |
|---|---|---|---|---|
| 500 | -$1.3M | $215.8K | -$1.5M | |
| 502.5 | $0 | $0 | $0 | |
| 505 | -$361.7K | $0 | -$361.7K | |
| 507.5 | $0 | $0 | $0 | |
| 510 | -$991.2K | $289.6K | -$1.3M | |
| 512.5 | -$56.9K | $0 | -$56.9K | |
| 515 | -$1.1M | $306.9K | -$1.4M | |
| 517.5 | $0 | $0 | $0 | |
| 520 | -$2.5M | $331.0K | -$2.8M | |
| 522.5 | -$2.1M | $0 | -$2.1M | |
| 525 | -$545.6K | $1.3M | -$1.9M | |
| 527.5 | -$284.4K | $290.8K | -$575.2K | |
| 530 | -$2.0M | $2.8M | -$4.8M | |
| 532.5 | $1.6M | $1.6M | $0 | |
| 535SPOTPUT WALLGEX FLIP | -$3.2M | $3.8M | -$6.9M | |
| 537.5 | $579.2K | $579.2K | $0 | |
| 540CALL WALL | $1.9M | $5.5M | -$3.6M | |
| 542.5 | $0 | $0 | $0 | |
| 545 | $2.6K | $1.7M | -$1.7M | |
| 547.5 | $463.2K | $463.2K | $0 | |
| 550 | $2.4M | $4.0M | -$1.6M | |
| 552.5 | $112.1K | $112.1K | $0 | |
| 555 | $571.8K | $668.6K | -$96.8K | |
| 557.5 | $224.4K | $224.4K | $0 | |
| 560 | $968.5K | $999.6K | -$31.0K | |
| 562.5 | $0 | $0 | $0 | |
| 565 | $369.5K | $459.4K | -$89.9K | |
| 567.5 | $124.1K | $124.1K | $0 | |
| 570 | $744.4K | $762.8K | -$18.4K | |
| 572.5 | $0 | $0 | $0 |
These levels were captured September 16, 2026 from the open interest carried on the option chain. New levels post before each market open. Today's SPX gamma levels.
ABOUT LMT
Lockheed Martin is the world's largest defense contractor by revenue, building the F-35 Joint Strike Fighter, the most expensive weapons program in history. It also produces Sikorsky helicopters, C-130 transport aircraft, THAAD missile defense systems, and operates significant space systems including satellite programs for NASA and the DoD.
WHY TRACK LMT ON SQUAWKFLOW
LMT options flow is the primary defense spending indicator. Unusual call activity often precedes major defense budget announcements, foreign military sales notifications, and F-35 delivery milestones.
LMT DATA ON SQUAWKFLOW
Options Flow
LMT options flow, unusual activity, and volume concentrations from the session chain
Latest Snapshot
Last LMT price, change, volume, and the current dealer-gamma regime
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LMT gamma exposure levels, call/put walls, and GEX flip
AI Narration
AI-powered analysis of LMT market microstructure in real time
News Sentiment
LMT news with AI sentiment scoring and impact analysis
Sector Context
Industrial sector rotation and relative strength vs peers
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