Financial giants have made a conspicuous bullish move on Altria Group. Our analysis of options history for Altria Group MO revealed 10 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $354,591, and 5 were calls, valued at $240,155.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $45.0 for Altria Group during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Altria Group's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Altria Group's whale activity within a strike price range from $40.0 to $45.0 in the last 30 days.
Altria Group Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MO | PUT | SWEEP | BEARISH | 06/20/25 | $45.00 | $139.3K | 133 | 470 |
| MO | PUT | SWEEP | BEARISH | 06/20/25 | $45.00 | $117.4K | 133 | 214 |
| MO | CALL | SWEEP | BEARISH | 06/21/24 | $40.00 | $84.4K | 12.0K | 115 |
| MO | CALL | SWEEP | BEARISH | 03/28/24 | $41.00 | $66.0K | 1.2K | 301 |
| MO | PUT | TRADE | BULLISH | 06/20/25 | $45.00 | $40.0K | 133 | 547 |
About Altria Group
Altria comprises Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Horizon Innovations and Helix Innovations. It holds a 10% interest in the world's largest brewer, Anheuser-Busch InBev. Through its tobacco subsidiaries, Altria holds the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company's Marlboro brand is the leading cigarette brand in the U.S. with a 42% annual share in 2022. Altria holds a 42% stake in cannabis manufacturer Cronos, has acquired Njoy Holdings in 2023, and recently exited its strategic investment in Juul Labs.
In light of the recent options history for Altria Group, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Altria Group Standing Right Now?
- Currently trading with a volume of 5,579,654, the MO's price is down by -0.86%, now at $43.9.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 41 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Altria Group with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
