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Traders Purchase Large Volume of Call Options on Philip Morris International (NYSE:PM)
Philip Morris International (NYSE:PM) experienced unusually high options trading activity, with traders purchasing 114,602 call options, a 999% increase from the average. This bullish activity occurred despite recent insider selling by the CFO and CEO, who significantly reduced their holdings. The company also declared a quarterly dividend of $1.47, implying a 3.5% yield.