Mohacsy's Safe Portfolio Member Forum

[dexprs]

Altria attracts option spreads early Wednesday (TheFlyOnTheWall)
THE FLY 10:20 AM ET 3/14/2018
Symbol Last Price Change
MO 64.82down -0.61 (-0.93%)
QUOTES AS OF 12:18:21 PM ET 03/14/2018
Altria (MO) attracts option spreads early Wednesday. The stock up 11c to $65.54 and 4K Mar - Apr 67.5 put spreads trade at 50c. 11K trade total and the Mar 67.5 puts have more than 30K open interest, represent the largest OI block in the name, and trade history shows notable opening activity in mid-February, including more than 18K at $3 and 3.10 on 2/16 with shares at $65.50. The flow was rolling out of Feb 67.5 puts and now new positions are being sold to open in the April term - expressing confidence that shares will hold steady or move higher in the weeks ahead.