Option Greeks measure how Lockheed Martin Corp (LMT) option prices respond to changes in the stock price (delta and gamma), the passage of time (theta), implied volatility (vega), and interest rates (rho). These charts plot each Greek by strike, so you can see where an expiration's price risk, time decay, and volatility exposure are concentrated. LMT implied volatility is near the middle of its one-year range, so delta and gamma cover about their usual range of strikes.
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LMT Option Greeks FAQ
What are option Greeks?
Option Greeks measure how an option's price responds to changes in the stock price (delta and gamma), time (theta), implied volatility (vega), and interest rates (rho).
How do I read the LMT Greeks charts?
Gamma, theta, and vega are largest for strikes near the Lockheed Martin stock price and shrink for strikes far above or below it. Theta grows as expiration gets closer, while vega is larger for expirations further out. Call delta runs from 0 to 1 and put delta from -1 to 0, near 0.50 and -0.50 at the money, and roughly estimates the chance that an option finishes in the money.
How does implied volatility affect LMT's Greeks?
Lockheed Martin IV rank is 47, so implied volatility is near the middle of its one-year range. Higher implied volatility raises option premiums and daily time decay (theta), and spreads delta and gamma across a wider range of strikes. Over the past year, 30-day implied volatility ranged from 19.3% to 41.4%. See the LMT implied volatility history for a longer view.
How much gamma and delta do LMT options carry in total?
Across all open Lockheed Martin options on Nov 4, 2026, net gamma exposure was $14.7M and net delta exposure was $881.22M per 1% move in the stock. The LMT gamma exposure chart shows where that gamma sits by strike.
What is Lockheed Martin Corp?
Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001.