Financial giants have made a conspicuous bearish move on Altria Group. Our analysis of options history for Altria Group MO revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $403,034, and 2 were calls, valued at $72,876.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $52.5 for Altria Group over the recent three months.
Analyzing Volume & Open Interest
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 $40.0 to $52.5, over the past month.
Altria Group Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MO | PUT | SWEEP | NEUTRAL | 01/17/25 | $52.50 | $69.7K | 46 | 308 |
| MO | PUT | SWEEP | BULLISH | 01/17/25 | $52.50 | $66.0K | 46 | 100 |
| MO | PUT | SWEEP | NEUTRAL | 01/17/25 | $52.50 | $66.0K | 46 | 202 |
| MO | PUT | SWEEP | BULLISH | 01/17/25 | $52.50 | $63.1K | 46 | 152 |
| MO | PUT | TRADE | BULLISH | 01/17/25 | $52.50 | $53.7K | 46 | 361 |
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.
Present Market Standing of Altria Group
- With a volume of 4,109,010, the price of MO is down -0.33% at $40.17.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 41 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 Altria Group, Benzinga Pro gives you real-time options trades alerts.
© 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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