Trading in bearish options on Lockheed Martin (LMT) soared to a record 57,000 puts on Friday,...

|About: Lockheed Martin (LMT)|By:, SA News Editor

Trading in bearish options on Lockheed Martin (LMT) soared to a record 57,000 puts on Friday, with most of the transactions coming before the defense contractor said COO Christopher Kubasik would not become CEO, as planned. "This is either a one in 1,000 random event or an egregious example of improprietous trading based on non-public information," says options analyst Ophir Gottlieb.