Reiterate, LMT Out of the Money Straddle
For Speculative Accounts Only,
1/20/17 LMT $270 Calls for $0.65.
Considering the ambivalence of a Republican majority leadership of fulfilling the rest of the F-35A contract (only 57 planes excluding the entire 140 were fulfilled late Wednesday), an astonishing delivery of 2400 fighters, this analyst is extending any further straddle purchases to LMT 3/17/17 for the $270 calls selling for $.80. As the 2nd part of the straddle, the LMT 3/17/17 $180 puts at $1.40. This will allow enough time to see if whether Trump or Clinton gooses or axes, respectively, the contract. This straddle strategy is quite speculative, depending on Wall Street and LMT executives to extending their intentions into the price of the stock. The downward action Friday of 1.01% augurs for a reduction in future purchases of the fighters, although the exact amount is unknown.
1/20/17 LMT $215 Puts for $1.60.
Please see this due diligence.
LMT Beurre Redux.
Pentagon’s Chief Weapons Tester calling F-35 a failure.
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