Investors with a lot of money to spend have taken a bullish stance on Altria Group (NYSE:MO).

And retail traders should know.

We noticed this today when the positions 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.

Today, Benzinga's options scanner spotted 9 options trades for Altria Group.

This isn't normal.

The overall sentiment of these big-money traders is split between 55% bullish and 44%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $66,444, and 8, calls, for a total amount of $310,034.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $25.0 to $67.5 for Altria Group over the recent three months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Altria Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Altria Group's significant trades, within a strike price range of $25.0 to $67.5, over the past month.

Altria Group Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About Altria Group

Having examined the options trading patterns of Altria Group, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Altria Group's Current Market Status

• With a trading volume of 3,442,149, the price of MO is up by 0.83%, reaching $57.6.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 14 days from now.

Professional Analyst Ratings for Altria Group

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $46.0.

Unusual Options Activity Detected: Smart Money on the Move

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.