MO240517P00048000 Option on Altria Group
| MO Stock | USD 46.67 0.16 0.34% |
Altria's latest option contracts expiring on 2024-06-07 are carrying combined implied volatility of 32.77 with a put-to-call open interest ratio of 3.47 over 74 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on 2024-06-07. The current put volume is at 1693, with calls trading at the volume of 2780. This yields a 0.61 put-to-call volume ratio.
Open Interest Against 2024-06-07 Option Contracts
Altria option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Altria's lending market. For example, when Altria's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Altria, he or she must hedge the risk by shorting Altria stock over its option's life.
2024-06-07
The chart above shows Altria's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Altria's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Altria's option, there is no secondary market available for investors to trade.
Altria Maximum Pain Price across 2024-06-07 Option Contracts
Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Altria close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Altria's option chain provides insight into all available option contracts written on Altria's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Altria's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Altria option contract.
In The Money vs. Out of Money Option Contracts on Altria
Analyzing Altria's in-the-money options over time can help investors to take a profitable long position in Altria regardless of its overall volatility. This is especially true when Altria's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Altria's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Altria's stock while costing only a fraction of its price.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Altria Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
Please note that buying 'in-the-money' options on Altria lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Altria's value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Altria contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Altria Stock moves the wrong way.
At this time, Altria's Common Stock Shares Outstanding is very stable compared to the past year. As of the 5th of June 2024, Liabilities And Stockholders Equity is likely to grow to about 56.8 B, though Total Stockholder Equity is likely to grow to (3.4 B). Altria Group In The Money Call Balance
When Altria's strike price is surpassing the current stock price, the option contract against Altria Group stock is said to be in the money. When it comes to buying Altria's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Altria Group are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Altria Current Options Market Mood
Altria's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Altria Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of Altria's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Altria's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Altria's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.
Rule 16 of the current Altria contract
Base on the Rule 16, the options market is currently suggesting that Altria Group will have an average daily up or down price movement of about 2.05% per day over the life of the 2024-06-07 option contract. With Altria trading at USD 46.67, that is roughly USD 0.96. If you think that the market is fully incorporating Altria's daily price movement you should consider buying Altria Group options at the current volatility level of 32.77%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
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Purchasing Altria options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Altria calls. Remember, the seller must deliver Altria Group stock to the call owner when a call is exercised.
Altria Option Chain
When Altria's strike price is surpassing the current stock price, the option contract against Altria Group stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
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Altria's option chain is a display of a range of information that helps investors for ways to trade options on Altria. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Altria. It also shows strike prices and maturity days for a Altria against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Call | 2024-06-07 CALL at $30.0 | 0.9815 | 0.0043 | 0 | 2024-06-07 | 16.75 - 16.9 | 0.0 | In |
Call | 2024-06-07 CALL at $33.0 | 0.9904 | 0.0035 | 0 | 2024-06-07 | 13.75 - 13.95 | 0.0 | In |
Call | 2024-06-07 CALL at $34.0 | 0.9897 | 0.0041 | 0 | 2024-06-07 | 12.75 - 12.95 | 0.0 | In |
Call | 2024-06-07 CALL at $35.0 | 0.9247 | 0.0138 | 3 | 2024-06-07 | 11.8 - 12.6 | 9.3 | In |
Call | 2024-06-07 CALL at $36.0 | 0.9599 | 0.0117 | 0 | 2024-06-07 | 9.8 - 10.95 | 0.0 | In |
Call | 2024-06-07 CALL at $37.0 | 0.8165 | 0.0179 | 0 | 2024-06-07 | 7.75 - 11.55 | 0.0 | In |
Call | 2024-06-07 CALL at $38.0 | 0.9855 | 0.0083 | 1 | 2024-06-07 | 7.8 - 9.9 | 8.2 | In |
Call | 2024-06-07 CALL at $39.0 | 0.9725 | 0.0138 | 3 | 2024-06-07 | 6.8 - 8.95 | 7.3 | In |
Call | 2024-06-07 CALL at $39.5 | 0.8261 | 0.027 | 0 | 2024-06-07 | 6.3 - 8.3 | 0.0 | In |
Call | 2024-06-07 CALL at $40.0 | 0.7816 | 0.0263 | 4 | 2024-06-07 | 4.9 - 8.4 | 5.25 | In |
Call | 2024-06-07 CALL at $40.5 | 0.9808 | 0.014 | 0 | 2024-06-07 | 5.3 - 7.4 | 0.0 | In |
Call | 2024-06-07 CALL at $41.0 | 0.8579 | 0.0363 | 60 | 2024-06-07 | 4.0 - 6.3 | 4.99 | In |
Call | 2024-06-07 CALL at $41.5 | 0.9067 | 0.0376 | 0 | 2024-06-07 | 3.75 - 7.3 | 0.0 | In |
Call | 2024-06-07 CALL at $42.0 | 0.7737 | 0.0396 | 48 | 2024-06-07 | 3.8 - 5.9 | 4.77 | In |
Call | 2024-06-07 CALL at $42.5 | 0.758 | 0.0428 | 96 | 2024-06-07 | 3.3 - 5.45 | 4.26 | In |
Call | 2024-06-07 CALL at $43.0 | 0.9121 | 0.0529 | 297 | 2024-06-07 | 2.96 - 3.95 | 3.65 | In |
Call | 2024-06-07 CALL at $43.5 | 0.8298 | 0.0671 | 21 | 2024-06-07 | 2.46 - 4.9 | 1.74 | In |
Call | 2024-06-07 CALL at $44.0 | 0.9641 | 0.0499 | 335 | 2024-06-07 | 2.45 - 3.55 | 2.85 | In |
Call | 2024-06-07 CALL at $44.5 | 0.8795 | 0.0969 | 31 | 2024-06-07 | 2.2 - 2.45 | 1.6 | In |
Call | 2024-06-07 CALL at $45.0 | 0.8581 | 0.1272 | 1116 | 2024-06-07 | 1.78 - 2.13 | 1.73 | In |
Call | 2024-06-07 CALL at $45.5 | 0.8953 | 0.1682 | 1326 | 2024-06-07 | 1.34 - 1.6 | 1.38 | In |
Call | 2024-06-07 CALL at $46.0 | 0.8484 | 0.2885 | 1770 | 2024-06-07 | 0.81 - 1.14 | 0.89 | In |
Call | 2024-06-07 CALL at $46.5 | 0.6593 | 0.4537 | 728 | 2024-06-07 | 0.44 - 0.59 | 0.51 | In |
Call | 2024-06-07 CALL at $47.0 | 0.4105 | 0.5186 | 871 | 2024-06-07 | 0.09 - 0.25 | 0.22 | Out |
Call | 2024-06-07 CALL at $47.5 | 0.2027 | 0.3533 | 242 | 2024-06-07 | 0.06 - 0.09 | 0.09 | Out |
Call | 2024-06-07 CALL at $48.0 | 0.0966 | 0.193 | 229 | 2024-06-07 | 0.01 - 0.04 | 0.04 | Out |
Call | 2024-06-07 CALL at $48.5 | 0.04 | 0.092 | 140 | 2024-06-07 | 0.01 - 0.02 | 0.01 | Out |
Put | 2024-06-07 PUT at $60.0 | -0.9662 | 0.0122 | 0 | 2024-06-07 | 11.0 - 13.25 | 0.0 | In |
Put | 2024-06-07 PUT at $56.0 | -0.9986 | 0.0012 | 0 | 2024-06-07 | 8.1 - 10.25 | 0.0 | In |
Put | 2024-06-07 PUT at $55.0 | -0.9366 | 0.0259 | 0 | 2024-06-07 | 7.45 - 8.3 | 9.05 | In |
Put | 2024-06-07 PUT at $54.0 | -0.7779 | 0.0378 | 0 | 2024-06-07 | 6.15 - 8.1 | 0.0 | In |
Put | 2024-06-07 PUT at $53.0 | -0.7477 | 0.0413 | 0 | 2024-06-07 | 5.1 - 7.25 | 0.0 | In |
Put | 2024-06-07 PUT at $52.0 | -0.9414 | 0.0379 | 0 | 2024-06-07 | 5.1 - 5.25 | 0.0 | In |
Put | 2024-06-07 PUT at $51.0 | -0.7115 | 0.0534 | 0 | 2024-06-07 | 3.1 - 5.25 | 0.0 | In |
Put | 2024-06-07 PUT at $50.0 | -0.747 | 0.074 | 0 | 2024-06-07 | 2.6 - 5.0 | 0.0 | In |
Put | 2024-06-07 PUT at $49.5 | -0.8088 | 0.0946 | 0 | 2024-06-07 | 2.21 - 2.97 | 0.0 | In |
Put | 2024-06-07 PUT at $49.0 | -0.8391 | 0.1162 | 15 | 2024-06-07 | 1.89 - 2.59 | 2.35 | In |
Put | 2024-06-07 PUT at $48.5 | -0.7868 | 0.1441 | 0 | 2024-06-07 | 1.23 - 2.6 | 0.0 | In |
Put | 2024-06-07 PUT at $48.0 | -0.9217 | 0.1788 | 0 | 2024-06-07 | 1.13 - 1.28 | 4.39 | In |
Put | 2024-06-07 PUT at $47.5 | -0.7146 | 0.2929 | 0 | 2024-06-07 | 0.17 - 0.93 | 0.88 | In |
Put | 2024-06-07 PUT at $47.0 | -0.5991 | 0.5665 | 166 | 2024-06-07 | 0.3 - 0.44 | 0.49 | In |
Put | 2024-06-07 PUT at $46.5 | -0.3274 | 0.4884 | 216 | 2024-06-07 | 0.1 - 0.16 | 0.16 | Out |
Put | 2024-06-07 PUT at $46.0 | -0.1319 | 0.2853 | 2947 | 2024-06-07 | 0.04 - 0.06 | 0.05 | Out |
Put | 2024-06-07 PUT at $45.5 | -0.0722 | 0.1484 | 742 | 2024-06-07 | 0.03 - 0.04 | 0.03 | Out |
Put | 2024-06-07 PUT at $45.0 | -0.0581 | 0.0973 | 1388 | 2024-06-07 | 0.02 - 0.03 | 0.03 | Out |
Put | 2024-06-07 PUT at $44.5 | -0.0223 | 0.0444 | 123 | 2024-06-07 | 0.01 - 0.02 | 0.01 | Out |
Put | 2024-06-07 PUT at $44.0 | -0.0191 | 0.0329 | 2510 | 2024-06-07 | 0.0 - 0.04 | 0.01 | Out |
Put | 2024-06-07 PUT at $43.5 | -0.0168 | 0.0255 | 93 | 2024-06-07 | 0.0 - 0.02 | 0.01 | Out |
Put | 2024-06-07 PUT at $43.0 | -0.015 | 0.0204 | 7420 | 2024-06-07 | 0.0 - 0.01 | 0.01 | Out |
Altria Total Stockholder Equity Over Time
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders. Total Stockholder Equity |
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Altria Common Stock Shares Outstanding Over Time
The total number of shares of a company's common stock that are currently owned by all its shareholders. Common Stock Shares Outstanding |
| Timeline |
Altria Total Stockholder Equity
Total Stockholder Equity |
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Altria Corporate Directors
| Nabil Sakkab | Independent Director | Profile | |
| Virginia Shanks | Independent Director | Profile | |
| John Casteen | Independent Director | Profile | |
| Dinyar Devitre | Independent Director | Profile |
Additional Information and Resources on Investing in Altria Stock
When determining whether Altria Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Altria's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Altria Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Altria Group Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Altria Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Tobacco space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Altria. If investors know Altria will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Altria listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.21 | Dividend Share 3.88 | Earnings Share 4.78 | Revenue Per Share 11.557 | Quarterly Revenue Growth (0.01) |
The market value of Altria Group is measured differently than its book value, which is the value of Altria that is recorded on the company's balance sheet. Investors also form their own opinion of Altria's value that differs from its market value or its book value, called intrinsic value, which is Altria's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Altria's market value can be influenced by many factors that don't directly affect Altria's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Altria's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altria is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altria's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.