Best Options Strategy for LHX
Looking for the best options strategy for L3Harris Technologies, Inc. (LHX)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live LHX option chain right now, and a simple map from your view on LHX to the strategy that fits it. Model any of them in the calculator before you trade.
About LHX
L3Harris Technologies, Inc. (LHX) is a major company in Aerospace & Defense. Options traders on LHX tend to watch , since these can drive large moves in the share price.
Today's top-scoring strategy for LHX
Our engine ranks defined-risk strategies on the live LHX chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.
| Action | Qty | Type | Strike | Premium |
|---|---|---|---|---|
| Buy | 1× | PUT | $240 | $2.42 |
| Sell | 1× | PUT | $250 | $5.65 |
| Sell | 1× | CALL | $250 | $9.55 |
| Buy | 1× | CALL | $280 | $1.55 |
Simulation
Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.
Strategy analysis
Greeks vs price
Price × volatility (today)
| −30% | −15% | IV | +15% | +30% | |
|---|---|---|---|---|---|
| $315 | −$1,868 | −$1,846 | −$1,810 | −$1,762 | −$1,709 |
| $303 | −$1,818 | −$1,759 | −$1,688 | −$1,615 | −$1,546 |
| $290 | −$1,627 | −$1,525 | −$1,434 | −$1,355 | −$1,289 |
| $277 | −$1,151 | −$1,073 | −$1,016 | −$974 | −$943 |
| $265 | −$427 | −$467 | −$502 | −$531 | −$555 |
| $252 | $157 | $35 | −$63 | −$143 | −$207 |
| $239 | $288 | $226 | $157 | $89 | $26 |
| $227 | $185 | $193 | $184 | $161 | $129 |
| $214 | $130 | $140 | $148 | $151 | $146 |
| $202 | $123 | $124 | $127 | $131 | $134 |
| $189 | $123 | $123 | $123 | $124 | $126 |
Live scan from 2026-09-09 · quotes delayed ~15 minutes
Historical backtest: how a Iron Butterfly on LHX would have performed
We approximated a Iron Butterfly on LHX, entered repeatedly over the past year (93 historical entries, each held to expiration) with Black-Scholes-modelled entry premiums. Here is how that would have played out on real LHX price history — an educational backtest, not a prediction of future returns.
Approximate: entry premiums are modelled with Black-Scholes from trailing realised volatility, held to expiration and settled against the real historical close. Real fills, implied volatility and slippage differ — treat it as directional context, not exact returns.
Implied volatility
LHX is currently trading with moderate implied volatility, broadly in line with other large-cap stocks. On the options we scanned that was around 28% implied volatility, and higher implied volatility means richer premiums and wider expected moves.
Options on LHX currently price in about 28% implied volatility, versus roughly 35% the stock has actually realised over the past month. The two are roughly in line, so neither buying nor selling premium has a clear volatility edge here.
Off that volatility, the options market is pricing a move of about ±$19.93 (±8%) in LHX by 2026-10-09 — a range of roughly $232 to $272. Strikes inside that band hold most of the premium and see most of the action.
Across strikes, upside calls on LHX carry a higher implied volatility than downside puts — demand is tilted to the upside, which favours call spreads or selling cash-secured puts.
LHX options chain highlights: open interest, volume and skew
The live LHX options chain shows a put/call open-interest ratio of 0.33 (bullish-leaning (more calls)), with at-the-money implied volatility near 28.6%. Open interest clusters at the $305 call — a common resistance "wall" — and the $250 put, a support "wall": the strikes option writers are most exposed to into expiration.
Snapshot of open interest, volume and implied volatility for the nearest scanned expiration — context, not a trading signal.
LHX insider trading activity (SEC Form 4)
Open-market insider transactions at LHX over roughly the last six months, from SEC Form 4 filings. Open-market buys are the rarer, more telling signal — routine selling under pre-arranged plans is common, so read a net-selling figure with that in mind.
| Insider | Action | Shares | Value | Date |
|---|---|---|---|---|
| Rakita Melanie | Sell | 2,180 | $677K | 2026-05-05 |
Source: SEC Form 4 filings via Finnhub. Open-market purchases (P) and sales (S) only — grants, option exercises, gifts and tax withholding are excluded. Informational context, not investment advice.
LHX congressional trading (STOCK Act)
Recent LHX stock trades disclosed by members of the US Congress under the STOCK Act. Lawmakers must report trades within 45 days; amounts are disclosed only as broad ranges, and a trade is not an endorsement — treat it as context, not a signal.
| Member | Chamber | Action | Amount | Date |
|---|---|---|---|---|
| Rich McCormick | House | Sell | $1,001 - $15,000 | 2026-07-30 |
Source: US House & Senate financial disclosures via Financial Modeling Prep. Amounts are the disclosed ranges. Informational context, not investment advice.
Liquidity and tradeability
LHX options are thinly traded, with wide bid-ask spreads around 21.5% near the money that eat into any edge — favour simple single-leg or tight defined-risk trades, and always use limit orders.
Earnings & IV crush
LHX's next earnings report is due around October 29, 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.
Dividend and assignment risk
LHX pays a dividend of about 2% a year, so short or covered calls on it carry early-assignment risk around each ex-dividend date — in-the-money calls are most exposed just before the stock goes ex-dividend.
Key figures
- Market cap
- $47.0B
- Beta (vs market)
- 0.75
- 52-week range
- $252.39–$379.23 (0% up the range)
- Short interest
- 2.1% of float · 2.3 days to cover
Other strong setups for LHX
If your view on LHX differs, these also scored well in the latest scan:
How to choose an options strategy for LHX
Start with your outlook on LHX, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:
Bullish
Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.
Long Call → Bull Call Spread →Bearish
Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.
Long Put → Bear Put Spread →Neutral
Sell an iron condor to collect premium while LHX stays between two strikes, or write a covered call against shares you already own.
Iron Condor → Covered Call →⧉ Embed this free calculator on your site →
How we pick the best strategy
For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →
Open LHX in the free calculator →
Frequently asked questions
What is the best options strategy for LHX?
It depends on your outlook. Bullish traders often use a long call or bull call spread on LHX; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.
Are LHX options liquid enough to trade?
L3Harris Technologies, Inc. (LHX) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.
How much money do I need to trade LHX options?
Buying a single LHX call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.
Is this financial advice?
No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade LHX or any security. Do your own research.
What does L3Harris Technologies, Inc. do?
L3Harris Technologies, Inc. (LHX) operates in the Aerospace & Defense industry. The "About L3Harris Technologies, Inc." section above gives a fuller picture of what the company does and how it earns money.
Does L3Harris Technologies, Inc. pay a dividend?
Yes — L3Harris Technologies, Inc. currently pays a dividend yielding about 2%. If you hold the shares (for example to write a covered call), the ex-dividend date can trigger early assignment, so check it beforehand.
When does L3Harris Technologies, Inc. next report earnings?
L3Harris Technologies, Inc.'s next earnings are expected around October 29, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.
Price trend
Tickers related to LHX
Comparing LHX with similar names can help you choose the best options strategy:
Company information
- Headquarters
- 1025 West NASA Boulevard, Melbourne, FL, 32919, United States
- Industry
- Aerospace & Defense
- Employees
- 45,000
- CEO
- Mr. Samir B. Mehta
- Phone
- 321 727 9100
- Website
- www.l3harris.com
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Educational use only. Quotes are delayed ~15 minutes and nothing here is financial advice. Options trading involves substantial risk of loss. Privacy · Terms.