Buying NOC call contracts.
Northrop Grumman (NOC) is a defense contractor with short-term and long-term military contracts.
The company is known for it’s F-35 fighter program along with various aeronautics, mission and defense service.
Shares are moving higher as political tensions rise.
The U.S. has already been supplying weapons to help defend Ukraine, and also faces heightened tension with China.
While we may not be entering an all out war period, the U.S. military will still need to bulk up its weaponry and along with upgrading defense technology.
And this process will naturally drive sales for NOC.
Our in-the-money call contracts will allow us to participate if the stock continues higher, while muting our risk if shares pull back.
- Buy (to open) 2 NOC November 18th $465 Calls
- Limit $51.50 or less
- The new position will represent roughly 9.6% of our Spec Model capital
- Executed 14:19
- BOT 2 NOC Nov 18 $465 Calls @ $50.90