Houghton and Atkeson

Playing Defense: Lockheed Martin (LMT)

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With Afghanistan, Pakistan, Iran, Iraq, Israel, Saudi Arabia, much of Africa, Central and South America, North Korea and others engaged in activities that can cause our national security fears to run high and much of the U.S. Army deployed abroad, companies that make bullets, bombs, planes and guns have had a good run.

Lockheed Martin (LMT), maker of much of the highest-tech war equipment in the world, is up 10% ytd and hit its all-time high late last week.

Option investors are getting nervous. Yesterday, more than 7,000 LMT Oct 110 Puts (LMTVB) were purchased. Additionally, option investors bought an additional 1,000 LMT Oct 105 Puts (LMTVA) for good measure.

The stock is currently trading at about $116 per share.

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