Investors with a lot of money to spend have taken a bullish stance on Philip Morris Intl PM.
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 PM, 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 11 uncommon options trades for Philip Morris Intl.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 27%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $270,386, and 4 are calls, for a total amount of $674,180.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $110.0 for Philip Morris Intl, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Philip Morris Intl'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 Philip Morris Intl's whale trades within a strike price range from $70.0 to $110.0 in the last 30 days.
Philip Morris Intl 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PM | CALL | TRADE | BULLISH | 06/20/25 | $4.0 | $3.7 | $3.9 | $110.00 | $487.5K | 589 | 0 |
| PM | CALL | TRADE | NEUTRAL | 01/16/26 | $31.5 | $30.7 | $31.05 | $70.00 | $96.2K | 564 | 0 |
| PM | PUT | SWEEP | BEARISH | 06/20/25 | $2.4 | $2.4 | $2.4 | $85.00 | $77.0K | 1.1K | 0 |
| PM | PUT | TRADE | BEARISH | 09/20/24 | $10.9 | $9.1 | $10.68 | $110.00 | $54.4K | 174 | 113 |
| PM | CALL | TRADE | BEARISH | 06/28/24 | $6.8 | $4.7 | $5.35 | $95.00 | $50.8K | 0 | 0 |
About Philip Morris Intl
Philip Morris International is an international tobacco company with a product portfolio primarily consisting of cigarettes and reduced-risk products, including heat-not-burn, vapor and oral nicotine products, which are sold in markets outside the United States. The company diversified away from cigarettes with the acquisition in 2022 of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches, primarily in the US and Scandinavia. It diversified away from nicotine products with the acquisition of Vectura, a provider of innovative inhaled drug delivery solutions, in 2021.
Following our analysis of the options activities associated with Philip Morris Intl, we pivot to a closer look at the company's own performance.
Where Is Philip Morris Intl Standing Right Now?
- Currently trading with a volume of 3,406,666, the PM's price is down by -0.24%, now at $99.66.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 32 days.
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 Philip Morris Intl, 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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