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: Mar 19, 2027
Days to expiration: 159
Share price: $55.50
Put/call ratio (OI): 0.62
Put/call ratio (volume): 1.34
ATM implied volatility: 25.3%
Expected move: ±$9.28
Open interest (C / P): 2.91K / 1.80K

BTI options summary

The BTI options chain for the March 19, 2027 expiration lists 13 call and 15 put contracts, with 159 days until expiration. Open interest stands at 2,909 calls and 1,804 puts, a put/call ratio of 0.62, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $55.00 strike is 25.3%, which implies the market expects a move of about ±$9.28 (16.7%) in British American Tobacco Industries p.l.c. stock by expiration.

The most open interest sits at the $60.00 call (916 contracts) and the $55.00 put (404 contracts).

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

BTI options chain · March 19, 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	34	53.9%	23.31	23.60	27.90	30.00	0.00	0.20	0.13	51.8%	3	6
—	—	—	—	—	—	35.00	0.00	0.30	0.05	43.8%	106	139
0	25	52.4%	22.20	16.60	17.40	40.00	0.00	0.45	0.34	36.3%	1	306
303	12	34.4%	11.25	10.80	11.60	45.00	0.40	0.75	0.60	30.1%	1	143
102	12	28.5%	7.00	6.70	7.30	50.00	1.20	1.45	1.32	25.5%	10	335
394	4	26.4%	3.86	3.60	4.10	55.00	2.80	3.30	3.11	24.3%	3	404
BTI $55.50
916	18	25.2%	1.77	1.65	2.00	60.00	5.70	6.40	8.55	24.5%	1	285
398	8	25.0%	0.77	0.65	0.90	65.00	9.70	10.50	10.20	26.0%	2	103
381	1	28.3%	0.42	0.25	0.60	70.00	10.90	11.70	9.40	—	56	57
243	1	30.7%	0.15	0.00	0.40	75.00	12.30	13.10	17.62	—	—	15
54	3	34.5%	0.15	0.00	0.35	80.00	16.10	17.40	21.88	—	16	11
115	106	36.3%	0.05	0.00	0.25	85.00	27.40	31.70	29.63	62.5%	—	0
3	3	41.4%	0.55	0.05	0.30	90.00	32.40	36.70	34.70	67.4%	20	0
—	—	—	—	—	—	95.00	37.40	41.70	39.60	72.0%	22	0
0	—	25.0%	0.51	0.00	0.00	100.00	42.40	46.70	45.20	76.2%	64	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 March 19, 2027 expiration, the BTI put/call ratio based on open interest is 0.62 (1,804 puts vs 2,909 calls), and 1.34 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 March 19, 2027 is about 25.3%, 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.