Deep-pocketed investors have adopted a bearish approach towards Altria Group 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 9 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 0% leaning bullish and 100% bearish. Among these notable options, 6 are puts, totaling $245,587, and 3 are calls, amounting to $96,803.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $35.0 to $41.0 for Altria Group during the past quarter.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Altria Group's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Altria Group's substantial trades, within a strike price spectrum from $35.0 to $41.0 over the preceding 30 days.
Altria Group 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MO | PUT | SWEEP | BEARISH | 01/17/25 | $40.00 | $71.6K | 8.9K | 107 |
| MO | PUT | SWEEP | BEARISH | 01/17/25 | $40.00 | $38.7K | 8.9K | 563 |
| MO | PUT | SWEEP | BEARISH | 01/17/25 | $40.00 | $38.1K | 8.9K | 554 |
| MO | CALL | SWEEP | BEARISH | 01/12/24 | $41.00 | $37.5K | 2.6K | 1.0K |
| MO | PUT | SWEEP | BEARISH | 01/17/25 | $40.00 | $35.6K | 8.9K | 688 |
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.
Where Is Altria Group Standing Right Now?
- With a volume of 3,780,491, the price of MO is down -0.61% at $41.34.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 20 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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