British American Tobacco Industries p.l.c. (BTI) Options Chain

NYSE: BTIHealth Care Medicinal Chemicals and Botanical Products USD

55.50+0.07 (+0.13%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $55.50
Put/call ratio (OI): 0.74
Put/call ratio (volume): 0.07
ATM implied volatility: 24.6%
Expected move: ±$7.00
Open interest (C / P): 17.98K / 13.37K

BTI options summary

The BTI options chain for the January 15, 2027 expiration lists 22 call and 23 put contracts, with 96 days until expiration. Open interest stands at 17,985 calls and 13,368 puts, a put/call ratio of 0.74, which is fairly balanced between calls and puts. At-the-money implied volatility near the $55.00 strike is 24.6%, which implies the market expects a move of about ±$7.00 (12.6%) in British American Tobacco Industries p.l.c. stock by expiration.

The most open interest sits at the $75.00 call (4.41K contracts) and the $37.00 put (2.24K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

BTI options chain · January 15, 2027

BTI calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
0	110	99.9%	33.00	33.50	37.80	20.00	0.00	0.20	0.10	94.0%	4	74
0	120	95.3%	30.00	30.60	34.90	23.00	0.00	0.30	0.22	87.3%	1	85
0	23	87.1%	28.30	28.60	32.90	25.00	0.00	0.10	0.05	68.0%	1	183
0	195	73.0%	25.10	25.60	29.80	28.00	0.00	0.90	0.10	85.7%	1	286
16	9	69.2%	22.91	23.60	27.90	30.00	0.00	0.00	0.05	25.0%	10	0
0	125	64.2%	20.50	20.70	25.00	33.00	0.00	0.55	0.15	61.1%	5	392
15	2	61.5%	17.95	20.20	21.70	35.00	0.00	0.20	0.11	51.8%	10	1,444
4	35	56.8%	17.80	18.30	19.70	37.00	0.00	0.20	0.08	46.4%	1	2,237
10	40	68.9%	13.10	14.80	17.10	40.00	0.00	0.30	0.15	42.3%	1	2,193
136	401	53.8%	11.40	13.60	14.60	42.00	0.05	0.30	0.25	37.2%	1	684
447	40	44.2%	11.07	10.70	11.60	45.00	0.15	0.45	0.28	33.1%	10	504
282	3	35.2%	9.30	8.90	9.40	47.00	0.30	0.45	0.41	27.9%	2	1,250
3,296	1	31.0%	6.70	6.30	6.80	50.00	0.70	1.00	0.75	27.5%	23	744
2,019	46	25.0%	2.97	2.70	3.10	55.00	2.20	2.50	2.40	24.2%	1	998
BTI $55.50
1,544	309	23.0%	1.00	0.90	1.05	60.00	5.20	5.90	5.61	26.6%	2	950
2,871	4	26.5%	0.33	0.25	0.50	65.00	9.40	10.40	10.35	32.1%	1	721
1,832	6	29.2%	0.06	0.10	0.25	70.00	14.90	15.70	12.25	45.0%	6	133
4,405	3	34.1%	0.10	0.05	0.20	75.00	11.80	12.70	17.20	—	2	448
274	4	39.6%	0.10	0.00	0.20	80.00	15.90	16.90	21.58	—	6	42
813	2	42.7%	0.10	0.00	0.15	85.00	27.80	31.70	30.30	80.2%	4	0
21	5	47.2%	0.07	0.00	0.15	90.00	32.40	36.70	34.62	86.6%	2	0
0	1	25.0%	0.55	0.00	0.00	95.00	37.40	41.70	39.50	92.4%	—	0
—	—	—	—	—	—	100.00	42.40	46.70	44.55	97.8%	6	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the BTI put/call ratio?

For the January 15, 2027 expiration, the BTI put/call ratio based on open interest is 0.74 (13,368 puts vs 17,985 calls), and 0.07 based on today's volume. A ratio above 1 means more puts than calls.

What is BTI's implied volatility?

At-the-money implied volatility for BTI options expiring January 15, 2027 is about 24.6%, an annualized estimate of how much the market expects British American Tobacco Industries p.l.c. stock to move.

How many BTI option expiration dates are there?

BTI has 13 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.