Editorial companion

What stands out

Ben Watson highlights a classic head-and-shoulders chart in Lockheed Martin and walks through an options idea framed as a defensive trade if the pattern breaks. The clip matters because it pairs a specific technical setup with a concrete options construction, showing how a trader translates a price pattern into a risk-defined position instead of a naked directional bet. The discussion is practical: he names the neckline, the bullish re-test scenario, and how options can limit loss if the pattern fails.