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News

Philip Morris Intl's Options Frenzy: What You Need to Know

Author: Benzinga Insights | June 03, 2024 03:45pm

Financial giants have made a conspicuous bearish move on Philip Morris Intl. Our analysis of options history for Philip Morris Intl (NYSE:PM) revealed 10 unusual trades.

Delving into the details, we found 40% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $196,335, and 4 were calls, valued at $236,450.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $110.0 for Philip Morris Intl during the past quarter.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Philip Morris Intl stands at 924.0, with a total volume reaching 1,073.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Philip Morris Intl, situated within the strike price corridor from $70.0 to $110.0, throughout the last 30 days.

Philip Morris Intl 30-Day Option Volume & Interest Snapshot

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
PM CALL TRADE BULLISH 01/16/26 $32.3 $31.7 $32.3 $70.00 $113.0K 525 37
PM CALL TRADE BULLISH 12/20/24 $10.0 $8.1 $9.8 $95.00 $68.6K 229 70
PM PUT TRADE BEARISH 09/20/24 $5.7 $5.5 $5.62 $105.00 $39.3K 434 222
PM PUT TRADE BEARISH 09/20/24 $5.7 $5.1 $5.55 $105.00 $38.8K 434 82
PM PUT TRADE BULLISH 01/17/25 $3.4 $0.75 $1.5 $87.50 $33.6K 1.0K 224

About Philip Morris Intl

Philip Morris International is an international tobacco company with a product portfolio primarily consisting of cigarettes and reduced-risk products, including heat-not-burn, vapor and oral nicotine products, which are sold in markets outside the United States. The company diversified away from cigarettes with the acquisition in 2022 of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches, primarily in the US and Scandinavia. It diversified away from nicotine products with the acquisition of Vectura, a provider of innovative inhaled drug delivery solutions, in 2021.

Following our analysis of the options activities associated with Philip Morris Intl, we pivot to a closer look at the company's own performance.

Current Position of Philip Morris Intl

  • Currently trading with a volume of 3,429,644, the PM's price is up by 1.2%, now at $102.6.
  • RSI readings suggest the stock is currently may be overbought.
  • Anticipated earnings release is in 50 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Philip Morris Intl with Benzinga Pro for real-time alerts.

Posted In: PM