Benzinga | Nov 2, 2021 02:53PM EDT

What Are Whales Doing With Altria Group

A whale with a lot of money to spend (and possibly insider knowledge) has taken a noticeably bearish stance on Altria Group.

Looking at options history for Altria Group (NYSE:MO) we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 25.0% of the investors opened trades with bullish expectations and 75.0% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $196,047 and 8, calls, for a total amount of $398,270.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $37.5 to $42.5 for Altria Group over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $37.5 to $42.5 in the last 30 days.

Altria Group Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestMO CALL SWEEP BEARISH 01/19/ $37.50 $164.0K 6.9K 0 24MO PUT SWEEP BEARISH 01/20/ $42.50 $95.7K 690 22 23MO PUT TRADE BEARISH 01/21/ $42.50 $35.7K 5.8K 510 22MO PUT TRADE BEARISH 01/21/ $42.50 $35.7K 5.8K 260 22MO CALL TRADE BEARISH 06/17/ $42.50 $35.0K 755 216 22

Where Is Altria Group Standing Right Now?

* With a volume of 3,967,511, the price of MO is up 0.39% at $44.22.

* RSI indicators hint that the underlying stock may be approaching oversold.

* Next earnings are expected to be released in 86 days.

What The Experts Say On Altria Group:

* Morgan Stanley downgraded its action to Equal-Weight with a price target of $47.0

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.