Investors with a lot of money to spend have taken a bullish stance on Altria Group MO.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MO, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for Altria Group.
This isn't normal.
The overall sentiment of these big-money traders is split between 70% bullish and 30%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $395,876, and 2 are calls, for a total amount of $117,900.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $22.5 to $60.0 for Altria Group during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Altria Group stands at 1922.44, with a total volume reaching 1,022.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Altria Group, situated within the strike price corridor from $22.5 to $60.0, throughout the last 30 days.
Altria Group 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MO | PUT | SWEEP | BULLISH | 01/17/25 | $7.3 | $7.15 | $7.2 | $47.50 | $88.5K | 1.2K | 9 |
| MO | CALL | TRADE | NEUTRAL | 04/19/24 | $20.25 | $18.2 | $19.2 | $22.50 | $86.4K | 0 | 45 |
| MO | PUT | TRADE | NEUTRAL | 09/20/24 | $19.75 | $17.65 | $18.85 | $60.00 | $75.4K | 1 | 0 |
| MO | PUT | TRADE | BEARISH | 04/19/24 | $1.1 | $1.07 | $1.1 | $42.50 | $50.4K | 3.2K | 464 |
| MO | PUT | SWEEP | BULLISH | 01/17/25 | $5.4 | $5.3 | $5.3 | $45.00 | $46.1K | 2.9K | 87 |
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.
Present Market Standing of Altria Group
- Trading volume stands at 4,502,386, with MO's price down by -0.36%, positioned at $41.53.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 14 days.
Expert Opinions on Altria Group
2 market experts have recently issued ratings for this stock, with a consensus target price of $43.25.
- Consistent in their evaluation, an analyst from UBS keeps a Sell rating on Altria Group with a target price of $36.
- An analyst from Stifel downgraded its action to Buy with a price target of $50.
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.
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