Cash-secured puts on MO

Altria Group was trading at $68.15 when this page was last refreshed on September 30, 2026. No MO puts in the 0.15 to 0.25 delta band survived the liquidity screen on that scan, so there is no ladder to show for this snapshot.

Numbers on this page come from a snapshot taken on September 30, 2026. They are not live quotes and are not refreshed when you load the page.

The last refresh found no put strikes on MO that were both inside the target delta band and liquid enough to bother with. That happens, and it happens most often for the two reasons you would guess: the strikes that pay anything are too close to the money, or the ones far enough out have a book so thin that the quoted premium is not a price anyone would fill you at.

What the premium is priced off

At-the-money implied vol sits at 25%, which is ordinary for a name this size. Nothing in the pricing is unusual, so the trade lives or dies on strike selection rather than on the vol.

Dates that matter in this window

Earnings land inside the 45-day window. That is the one date that reliably breaks a premium-selling trade: the stock gaps, the strike you picked on a probability model turns out to have been picked on the wrong distribution, and the vol you sold collapses to reward the buyer instead of you. The engine deducts heavily for it. The stock pays about 6.3% a year, and no ex-dividend date was confirmed inside this window.

Questions people actually ask

Nothing above is a recommendation. It is what the MO chain looked like on September 30, 2026, filtered to the strikes a premium seller would look at first, and the prices have moved since you loaded this page.

Elsewhere on MO

• Covered calls on MO
• The wheel on MO
• Every ticker we track

Understand the strategy

• Cash-secured puts: the complete series
• One full cash-secured put, end to end
• What the secured cash really ties up
• Why the put side pays more at the same delta
• What the delta column does not tell you
• Assignment here means shares bought, not sold
• The odds of a scare, against the odds of a loss
• Whether these premiums are prices you can get
• The loss worth planning for on one of these
• How many of these the account supports
• What each strike zone here is actually worth
• Which part of these credits is really yours

Run your own numbers

• Cash-secured put calculator capital tied up, break-even and the real worst case.
• Position size calculator how many contracts your account can carry.
• Break-even calculator every position type in one place.
• Assignment probability calculator the odds on your strike.