Group 1: Earnings Expectations - Lockheed Martin Corp is set to announce first-quarter results on April 22, with analysts predicting earnings of $6.42 per share and revenue of $17.76 billion, reflecting year-over-year growth of approximately 1.4% and 3.3% respectively [1] Group 2: Stock Performance - The stock was recently trading at $473.46, down 0.4%, and is on track to end a five-day winning streak, with the $480 level acting as a resistance [2] - Over the past six months, Lockheed Martin shares have decreased nearly 22% [2] Group 3: Post-Earnings Trends - Historically, Lockheed Martin stock has not performed well post-earnings, closing lower after five of the last eight quarterly reports, with notable declines of 9.2% and 6.1% following the last two earnings announcements [5] - The average next-day price swing for the stock over the last two years has been 3.9%, which is lower than the 5.2% move currently priced in by options traders [5] Group 4: Options Market Sentiment - Options traders are showing a strong bullish sentiment towards Lockheed Martin, with a call/put volume ratio of 3.81, ranking higher than 87% of readings from the past year [6] - The stock has a history of exceeding volatility expectations, indicated by a Schaeffer's Volatility Scorecard (SVS) score of 95 out of 100, suggesting it often delivers larger price movements than anticipated by options traders [7]