http://finance.yahoo.com/news/lockheed-wins-1-27-billion-211842478.html
http://finance.yahoo.com/news/upbeat-aerospace-defense-results-lift-191407629.html
"Pentagon’s prime contractor, Lockheed Martin Corp. (LMT), reported an ecouraging first quarter. It reported better-than-expected earnings and revenues with both beating the Zacks Consensus Estimate by 2.8% and 5.5%, respectively. Lockheed Martin raised its 2016 outlook and now expects earnings of about $11.50–$11.80 per share (earlier projection: $11.45–$11.75) on revenues of approximately $49.6 billion to $51.1 billion (earlier projection: $49.5 billion to $51 billion). The stock jumped after the earnings release on solid outlook, impressive revenue growth and potential share buybacks"
http://finance.yahoo.com/news/lockheed-lmt-tops-q1-earnings-145902124.html
http://finance.yahoo.com/news/sikorsky-acquisition-boosts-lockheeds-revenue-120314518.html
http://finance.yahoo.com/echarts?s=LMT+Interactive#{"range":"2y","allowChartStacking":true}
Trade:
With LMT at 240.26
Jan'17 `85/`80 bull put spread for a net credit of $50
Yield = 50/450 = 11.1 in 257 days or 15.7% annualized
Prob = 98%
Expectation = .98(50) - .01(450) - .01(225) = 49 - 4.5 - 2.25 = 42.25
Price.......... Profit / Loss........ ROM %
135.00............. (450.00).......... -88.90%
166.73............. (450.00).......... -88.90%
180.00............. (450.00).......... -88.90%
184.50.................. 0.00.............. 0.00%
185.00................ 50.00............. 11.10%
200.13................ 50.00............. 11.10%
233.53................ 50.00............. 11.10%
266.93................ 50.00............. 11.10%
300.33................ 50.00............. 11.10%
beats making tootsie-rolls for a living.
(beware of defense spending cuts)
http://finance.yahoo.com/news/upbeat-aerospace-defense-results-lift-191407629.html
"Pentagon’s prime contractor, Lockheed Martin Corp. (LMT), reported an ecouraging first quarter. It reported better-than-expected earnings and revenues with both beating the Zacks Consensus Estimate by 2.8% and 5.5%, respectively. Lockheed Martin raised its 2016 outlook and now expects earnings of about $11.50–$11.80 per share (earlier projection: $11.45–$11.75) on revenues of approximately $49.6 billion to $51.1 billion (earlier projection: $49.5 billion to $51 billion). The stock jumped after the earnings release on solid outlook, impressive revenue growth and potential share buybacks"
http://finance.yahoo.com/news/lockheed-lmt-tops-q1-earnings-145902124.html
http://finance.yahoo.com/news/sikorsky-acquisition-boosts-lockheeds-revenue-120314518.html
http://finance.yahoo.com/echarts?s=LMT+Interactive#{"range":"2y","allowChartStacking":true}
Trade:
With LMT at 240.26
Jan'17 `85/`80 bull put spread for a net credit of $50
Yield = 50/450 = 11.1 in 257 days or 15.7% annualized
Prob = 98%
Expectation = .98(50) - .01(450) - .01(225) = 49 - 4.5 - 2.25 = 42.25
Price.......... Profit / Loss........ ROM %
135.00............. (450.00).......... -88.90%
166.73............. (450.00).......... -88.90%
180.00............. (450.00).......... -88.90%
184.50.................. 0.00.............. 0.00%
185.00................ 50.00............. 11.10%
200.13................ 50.00............. 11.10%
233.53................ 50.00............. 11.10%
266.93................ 50.00............. 11.10%
300.33................ 50.00............. 11.10%
beats making tootsie-rolls for a living.
(beware of defense spending cuts)
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