Deep-pocketed investors have adopted a bullish approach towards Altria Group (NYSE:MO), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MO usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 19 extraordinary options activities for Altria Group. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 47% leaning bullish and 47% bearish. Among these notable options, 8 are puts, totaling $746,410, and 11 are calls, amounting to $1,187,025.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $37.5 to $55.0 for Altria Group over the recent three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Altria Group stands at 1434.1, with a total volume reaching 32,436.00. 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 $37.5 to $55.0, throughout the last 30 days.

Altria Group Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About Altria Group

Following our analysis of the options activities associated with Altria Group, we pivot to a closer look at the company's own performance.

Altria Group's Current Market Status

• With a volume of 2,514,562, the price of MO is down -0.46% at $52.36.
• RSI indicators hint that the underlying stock may be oversold.
• Next earnings are expected to be released in 34 days.

What Analysts Are Saying About Altria Group

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $65.0.

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