Investors with a lot of money to spend have taken a bearish 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 8 uncommon options trades for Altria Group.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $116,022, and 6 are calls, for a total amount of $556,482.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $50.0 for Altria Group during the past quarter.
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 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 trades within a strike price range from $30.0 to $50.0 in the last 30 days.
Altria Group Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MO | CALL | TRADE | BEARISH | 06/21/24 | $14.4 | $14.25 | $14.31 | $30.00 | $357.7K | 2 | 0 |
| MO | PUT | SWEEP | BEARISH | 12/20/24 | $3.0 | $2.92 | $3.0 | $45.00 | $79.2K | 326 | 41 |
| MO | CALL | SWEEP | BEARISH | 09/20/24 | $4.75 | $4.7 | $4.7 | $40.00 | $47.2K | 912 | 201 |
| MO | CALL | SWEEP | BEARISH | 09/20/24 | $4.75 | $4.65 | $4.65 | $40.00 | $46.0K | 912 | 1 |
| MO | CALL | TRADE | BULLISH | 01/16/26 | $1.12 | $1.01 | $1.12 | $50.00 | $39.2K | 3.1K | 0 |
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.
After a thorough review of the options trading surrounding Altria Group, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Altria Group Standing Right Now?
- With a volume of 6,029,121, the price of MO is up 0.78% at $44.19.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 83 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Altria Group options trades with real-time alerts from Benzinga Pro.
© 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.
