NOC options flow: unusual options activity in Northrop Grumman Corp.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 22 unusual options prints in Northrop Grumman Corp. (NOC), $1.4M of tracked premium, leaning bullish. Bullish premium was $739K against $363K bearish; $995K went into calls and $365K into puts, a put call ratio of 0.37. The largest print was $145K of NOC 15 Jan 2027 $520 puts on 22 September 2026, executed at ask. The last session with prints, 25 September 2026, added 2 prints and $74K of premium. NOC closed at $510.52 on 25 September 2026, up 0.3%.
This week's unusual flow
Prints from 21 September 2026 to 25 September 2026, 5 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 22 Sep 2026 | NOC 15 Jan 2027 $520 puts | Trade | 50 | 174 | $145K | At ask | Neutral | |
| 23 Sep 2026 | NOC 19 Mar 2027 $500 calls | Sweep | 25 | 7 | $140K | At bid | Bearish | High conviction |
| 24 Sep 2026 | NOC 15 Jan 2027 $640 puts | Trade | 10 | 102 | $125K | At bid | Bullish | |
| 23 Sep 2026 | NOC 19 Mar 2027 $540 calls | Sweep | 37 | 15 | $120K | At ask | Bullish | High conviction |
| 22 Sep 2026 | NOC 16 Oct 2026 $510 calls | Sweep | 72 | 8 | $112K | At ask | Bullish | High conviction |
| 24 Sep 2026 | NOC 20 Nov 2026 $515 calls | Sweep | 30 | 13 | $84K | At ask | Bullish | Notable |
| 21 Sep 2026 | NOC 21 Jan 2028 $550 calls | Trade | 11 | 63 | $73K | At ask | Bullish | |
| 24 Sep 2026 | NOC 19 Jan 2029 $360 calls | Trade | 3 | 10 | $59K | At bid | Neutral | |
| 22 Sep 2026 | NOC 19 Jan 2029 $360 calls | Trade | 3 | 2 | $56K | At bid | Bearish | Notable |
| 21 Sep 2026 | NOC 18 Dec 2026 $500 calls | Trade | 10 | 2 | $47K | At ask | Bullish | Notable |
| 25 Sep 2026 | NOC 19 Mar 2027 $510 calls | Sweep | 10 | 2 | $45K | At ask | Bullish | High conviction |
| 22 Sep 2026 | NOC 16 Oct 2026 $515 puts | Trade | 20 | 481 | $41K | At bid | Bullish |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 19 Mar 2027 | 4 | $333K | 92% | +$26K |
| 15 Jan 2027 | 2 | $270K | 0% | +$125K |
| 16 Oct 2026 | 5 | $251K | 84% | +$129K |
| 18 Dec 2026 | 4 | $153K | 100% | -$59K |
| 19 Jan 2029 | 2 | $115K | 100% | -$56K |
| 20 Nov 2026 | 2 | $110K | 77% | +$110K |
The most premium, $333K, is aimed at the 19 Mar 2027 expiry; the nearest expiry with unusual prints is 16 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 25 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | NOC 19 Mar 2027 $510 calls | Sweep | 10 | 2 | $45K | At ask | Bullish | High conviction |
| 25 Sep 2026 | NOC 17 Sep 2027 $500 calls | Trade | 4 | 2 | $29K | At ask | Bullish | Notable |
Every print in NOC with its full detail, the live tape, one tap filters and saved screeners: open NOC in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open NOC in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 12 firms, have a median of $638, 24.9% above the last close.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Northrop Grumman Corp.
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Electronic Equipment
- Headquarters
- Wilmington, Virginia
- Website
- northropgrumman.com
Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. Its Space Systems segment offers satellites and payloads; ground systems; missile defense systems and interceptors; launch vehicles and related propulsion systems.
In the same sector
Flow pages for other Industrials names in the S&P 500:
CAT Caterpillar Inc.GE General Electric Co.GEV GE Vernova Inc.RTX RTX Corp.DE Deere & Co.ETN Eaton Corp. plcUNP Union Pacific Corp.BA Boeing Co.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for NOC with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open NOC in Options Sentiment Screener