Benzinga's options scanner has just identified more than 9 option transactions on Altria Group MO, with a cumulative value of $518,462. Concurrently, our algorithms picked up 6 puts, worth a total of 380,242.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $47.5 for Altria Group over the recent three months.
Volume & Open Interest Trends
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 $35.0 to $47.5 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 | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MO | CALL | TRADE | BULLISH | 06/20/25 | $1.17 | $1.04 | $1.13 | $47.50 | $113.0K | 491 | 1.0K |
| MO | PUT | SWEEP | BULLISH | 09/20/24 | $4.0 | $3.9 | $3.9 | $45.00 | $102.9K | 861 | 265 |
| MO | PUT | SWEEP | BULLISH | 01/17/25 | $4.6 | $4.55 | $4.6 | $45.00 | $87.4K | 2.7K | 1 |
| MO | PUT | SWEEP | BULLISH | 09/20/24 | $4.05 | $3.9 | $3.95 | $45.00 | $64.7K | 861 | 444 |
| MO | PUT | SWEEP | BULLISH | 09/20/24 | $4.05 | $3.9 | $3.95 | $45.00 | $58.4K | 861 | 592 |
About Altria Group
Altria comprises Philip Morris USA, US Smokeless Tobacco, John Middleton, Horizon Innovations and Helix Innovations. It holds an 8% 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 US with a 42% annual share in 2022. Altria holds a 42% stake in cannabis manufacturer Cronos, acquired Njoy Holdings in 2023, and recently exited its strategic investment in Juul Labs. It operates a joint venture with Japan Tobacco in the heated tobacco category.
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.
Current Position of Altria Group
- With a volume of 7,617,467, the price of MO is up 0.14% at $42.99.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 22 days.
What Analysts Are Saying About Altria Group
1 market experts have recently issued ratings for this stock, with a consensus target price of $50.0.
- Reflecting concerns, an analyst from Stifel lowers its rating to Buy with a new price target of $50.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Altria Group, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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