4 Trade Ideas for Altria: Bonus Idea

• Posted by Greg Harmon
• on February 24th, 2025

Here is your Bonus Idea with links to the full Top Ten:

Altria, $MO, comes into the week rounding up out of a pullback with the Bollinger Bands® pointing higher. It has a RSI rising in the bullish zone with the MACD positive and climbing. A Measured Move would give a target to 59.75 on this leg. There is resistance at 55 and 56.50 then 58 before 60 and 63. Support lower is at 53.75 and 52.50. Short interest is low at 1.9%. The stock pays a dividend with an annual yield of 7.41% and has traded ex-dividend since December 26th.

The company is expected to report earnings next on April 29th. The March options chain shows the biggest open interest at the 50 strike on the put side and at 55 and 50 on the call side. In the April chain trading is just starting with little open interest. The June chain is the first to cover the earnings report. It has open interest spread from 55 to 32.50, biggest at 47.50 and 50, on the put side, and from 40 to 60, biggest at 55, on the call side.

Altria, Ticker: $MO

Trade Idea 1: Buy the stock on a move over 55.30 with a stop at 52.50.

Trade Idea 2: Buy the stock on a move over 55.30 and add a March 52.50 Put (35 cents) while selling the March 57.50 Call (32 cents).

Trade Idea 3: Buy the April/June 57.50 Call Calendar (95 cents) while selling the June 50 Put (82 cents).

Trade Idea 4: Buy the June 50/57.50/60 Call Spread Risk Reversal (1 cent credit).

Premium Content

The Best

The Rest Premium

Free Content

The Rest

If you like what you see sign up for more ideas and deeper analysis using the Get Premium button above.   

After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with the February options expiration in the books, saw equity markets show some cracks at the end of the week following a strong open post-holiday.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a broad range. The US Dollar Index continues to drift to the downside, testing prior breakout levels, while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue higher in broad consolidation while Emerging Markets continue a short term uptrend.

The Volatility Index looks to remain low but moving higher, putting some pressure on equity markets. The charts of both the QQQ and SPY look strong on the longer timeframe, but much less so on the shorter timeframe. The IWM continues move in a range under resistance after what now looks like a failed break out in November. Use this information as you prepare for the coming week and trad’em well.

If you like what you see above sign up for deeper analysis and trading strategy by using the Get Premium button above. As always you can see details of individual charts and more on my StockTwits page.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus