Financial giants have made a conspicuous bearish move on Altria Group. Our analysis of options history for Altria Group (NYSE:MO) revealed 8 unusual trades.
Delving into the details, we found 12% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $102,964, and 5 were calls, valued at $183,430.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $45.0 for Altria Group over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $30.0 to $45.0 in the last 30 days.
Altria Group Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MO | CALL | TRADE | NEUTRAL | 09/20/24 | $15.75 | $15.65 | $15.7 | $30.00 | $47.1K | 2 | 10 |
| MO | CALL | TRADE | BEARISH | 01/17/25 | $15.9 | $15.5 | $15.6 | $30.00 | $46.8K | 329 | 10 |
| MO | PUT | SWEEP | BEARISH | 09/20/24 | $1.7 | $1.65 | $1.7 | $45.00 | $38.3K | 4.1K | 132 |
| MO | PUT | TRADE | BEARISH | 09/20/24 | $1.67 | $1.6 | $1.67 | $45.00 | $34.5K | 4.1K | 588 |
| MO | CALL | TRADE | BEARISH | 01/17/25 | $11.65 | $10.55 | $10.61 | $35.00 | $31.8K | 4.9K | 10 |
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?
- Trading volume stands at 5,588,742, with MO's price up by 0.02%, positioned at $45.88.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 48 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.