Someone made millions on the Philip Morris-Altria deal

MinerGate is a multicurrency mining pool with the easiest mining software, reliable 24/7 support service and helpful community at your disposal. Start mining now from your PC

A pack of Marlboro brand cigarettes is arranged for a photograph in Tiskilwa, Illinois.

Daniel Acker | Bloomberg | Getty Images

Tobacco giants Philip Morris and Altria confirmed on Tuesday they were in merger talks, making one or multiple traders millions of dollars, according to trader and CNBC contributor Jon Najarian.

READ MORE  Why SpaceX and Blue Origin Are Competing With China

Najarian highlighted unusual activity in Altria call options on Friday and Monday, with traders gobbling them up. Call options give traders the right to buy a stock at a…

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *