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: Jul 21, 2028
Days to expiration: 650
Share price: $55.50
Put/call ratio (OI): 0.59
Put/call ratio (volume): 1.34
ATM implied volatility: 29.9%
Expected move: ±$22.16
Open interest (C / P): 422 / 247

BTI options summary

The BTI options chain for the July 21, 2028 expiration lists 15 call and 11 put contracts, with 650 days until expiration. Open interest stands at 422 calls and 247 puts, a put/call ratio of 0.59, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $55.00 strike is 29.9%, which implies the market expects a move of about ±$22.16 (39.9%) in British American Tobacco Industries p.l.c. stock by expiration.

The most open interest sits at the $60.00 call (74 contracts) and the $50.00 put (61 contracts).

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

BTI options chain · July 21, 2028

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	2	53.3%	25.55	23.50	28.50	30.00	0.00	1.00	0.77	36.9%	1	16
0	—	60.3%	24.80	21.50	26.50	35.00	0.00	2.10	1.14	37.5%	48	17
16	7	31.8%	15.25	14.90	18.00	40.00	1.65	2.30	2.03	30.7%	60	20
19	15	30.1%	13.48	11.20	14.30	45.00	1.80	4.90	3.50	34.9%	1	43
25	1	28.5%	7.75	8.20	11.00	50.00	3.40	6.40	6.00	31.9%	5	61
66	4	28.9%	5.50	5.50	8.70	55.00	5.50	8.80	7.55	31.0%	4	42
BTI $55.50
74	30	28.7%	4.77	3.40	6.70	60.00	8.10	11.50	10.32	29.7%	42	47
74	10	28.5%	2.92	1.85	5.10	65.00	0.00	0.00	13.85	—	2	0
20	2	29.2%	2.40	0.80	4.10	70.00	—	—	—	—	—	—
20	8	31.0%	1.69	0.00	3.60	75.00	—	—	—	—	—	—
22	10	33.0%	1.28	0.00	3.30	80.00	21.10	25.50	23.60	22.1%	—	1
28	28	34.6%	1.01	0.00	3.00	85.00	—	—	—	—	—	—
7	2	36.7%	0.80	0.00	2.90	90.00	—	—	—	—	—	—
0	2	38.8%	0.83	0.00	2.85	95.00	37.00	42.00	40.13	37.2%	—	0
51	1	29.0%	0.76	0.25	0.80	100.00	42.00	47.00	45.32	39.3%	—	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 July 21, 2028 expiration, the BTI put/call ratio based on open interest is 0.59 (247 puts vs 422 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 July 21, 2028 is about 29.9%, 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.