Market Whales and Their Recent Bets on Altria Group Options
Portfolio Pulse from Benzinga Insights
Market whales have taken a bullish stance on Altria Group (NYSE:MO), with Benzinga's options scanner spotting 14 uncommon options trades. The sentiment is split between 57% bullish and 28% bearish. Significant investors are targeting a price range of $35.0 to $60.0 for Altria Group over the next three months.
July 18, 2024 | 8:16 pm
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Market whales have taken a bullish stance on Altria Group (NYSE:MO), with Benzinga's options scanner spotting 14 uncommon options trades. The sentiment is split between 57% bullish and 28% bearish. Significant investors are targeting a price range of $35.0 to $60.0 for Altria Group over the next three months.
The detection of 14 uncommon options trades with a majority bullish sentiment indicates strong interest from significant investors. This could lead to a short-term price increase as market participants react to the perceived insider knowledge.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100