Paper sold 3415 MO June 65 calls & bought 10790 of the June 67.5 calls.
Altria Group Inc., trading 64.37 up .70 with an IV30 of 15.60 and HV10 of 8.5, saw a ratio call spread trade.? The stock, with an ADV of 11983 and an OI of 259,000, saw a customer trade a big ratio spread in June.? The customer appears to have sold 3415 of the June 65 calls collecting 81 and then against it the customer bought 10790 of the June 67.5 calls for .18.?? Based on the open interest of the trade, this could be a call roll of some type, or repositions on a trade.
The June 65 calls appear to be a close vs open interest of 11400 contracts, but the June 67.5 calls are certainly an open.??? With the run in MO higher the customer could be wanting to lever up a June position to take advantage of a potential continue run higher in MO.
This trade should be considered bullish both volatility and the underlying.