High-rolling investors have positioned themselves bearish on Altria Group MO, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in MO often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Altria Group. This is not a typical pattern.
The sentiment among these major traders is split, with 37% bullish and 62% bearish. Among all the options we identified, there was one put, amounting to $126,000, and 7 calls, totaling $314,042.
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 $35.0 and $40.0 for Altria Group, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Altria Group stands at 4533.4, with a total volume reaching 2,158.00. 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 $35.0 to $40.0, throughout the last 30 days.
Altria Group Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MO | PUT | TRADE | BULLISH | 01/16/26 | $37.50 | $126.0K | 177 | 305 |
| MO | CALL | SWEEP | BEARISH | 01/17/25 | $35.00 | $61.0K | 4.5K | 100 |
| MO | CALL | TRADE | BULLISH | 01/17/25 | $35.00 | $59.0K | 4.5K | 100 |
| MO | CALL | TRADE | BEARISH | 01/17/25 | $35.00 | $58.5K | 4.5K | 401 |
| MO | CALL | SWEEP | BULLISH | 01/17/25 | $35.00 | $58.0K | 4.5K | 832 |
About Altria Group
Altria comprises Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Horizon Innovations and Helix Innovations. It holds a 10% 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 U.S. with a 42% annual share in 2022. Altria holds a 42% stake in cannabis manufacturer Cronos, has acquired Njoy Holdings in 2023, and recently exited its strategic investment in Juul Labs.
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.
Altria Group's Current Market Status
- Trading volume stands at 5,056,207, with MO's price down by 0.0%, positioned at $40.44.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 13 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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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