Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $580.0 to $740.0 for Lockheed Martin over the last 3 months.
Amazon's recent weakness appears to reflect sentiment fatigue rather than a deterioration in business quality.
Portfolio hedging has relied on the same rules for decades, but as technology, geopolitics and the nature of trading undergo rapid change, hedging needs an update.