Philip Morris International (PM) Options Chain

NYSE: PMHealth Care Medicinal Chemicals and Botanical Products USD

201.19+0.69 (+0.34%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $201.19
Put/call ratio (OI): 0.75
Put/call ratio (volume): 0.26
ATM implied volatility: 30.9%
Expected move: ±$20.58
Open interest (C / P): 16.02K / 12.06K

PM options summary

The PM options chain for the November 20, 2026 expiration lists 28 call and 28 put contracts, with 40 days until expiration. Open interest stands at 16,015 calls and 12,059 puts, a put/call ratio of 0.75, which is fairly balanced between calls and puts. At-the-money implied volatility near the $200.00 strike is 30.9%, which implies the market expects a move of about ±$20.58 (10.2%) in Philip Morris International stock by expiration.

The most open interest sits at the $210.00 call (7.02K contracts) and the $180.00 put (1.33K contracts).

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

PM options chain · November 20, 2026

PM 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
—	—	—	—	—	—	75.00	0.00	0.55	0.01	134.6%	5	11
—	—	—	—	—	—	80.00	0.00	0.30	0.50	116.6%	3	30
—	—	—	—	—	—	85.00	0.05	1.00	0.75	130.9%	—	11
—	—	—	—	—	—	90.00	0.00	1.30	0.16	127.4%	1	9
—	—	—	—	—	—	95.00	0.00	2.15	0.05	131.2%	3	10
2	—	—	66.45	60.50	64.40	100.00	0.00	2.15	0.50	123.3%	1	52
0	10	124.2%	83.00	94.50	97.70	105.00	0.00	2.15	0.20	115.7%	5	30
0	115	114.8%	78.10	89.60	92.60	110.00	0.00	2.15	0.14	108.5%	30	207
0	10	107.5%	73.00	84.60	87.60	115.00	0.00	0.00	0.20	25.0%	1	0
38	14	102.2%	70.27	79.60	82.70	120.00	0.00	0.35	0.09	69.9%	1	277
39	2	93.9%	65.25	74.60	77.60	125.00	0.00	0.25	0.10	62.1%	1	317
0	55	88.8%	58.10	69.70	72.70	130.00	0.00	0.35	0.17	60.2%	20	286
13	2	82.5%	55.43	64.70	67.70	135.00	0.00	0.40	0.34	56.6%	1	577
16	195	76.4%	48.00	59.70	62.70	140.00	0.00	0.35	0.17	51.0%	1	355
22	231	74.8%	43.60	54.80	58.10	145.00	0.00	0.35	0.18	52.1%	2	813
4	1	67.7%	43.00	49.80	53.00	150.00	0.00	0.30	0.07	46.2%	10	847
38	40	—	33.00	33.70	35.80	155.00	0.00	0.40	0.26	44.0%	17	888
39	1	56.9%	30.16	40.00	43.10	160.00	0.00	0.45	0.40	40.4%	6	1,304
75	2	52.7%	27.15	35.20	38.30	165.00	0.20	0.65	0.47	38.8%	2	1,244
219	1	43.9%	32.80	30.50	32.90	170.00	0.40	0.75	0.61	35.2%	41	1,075
237	4	45.0%	18.67	25.60	28.90	175.00	0.55	1.40	1.04	36.1%	5	1,207
417	1	42.2%	23.00	21.70	24.50	180.00	0.85	1.70	1.60	32.8%	9	1,333
495	1	40.1%	18.65	17.40	20.40	185.00	2.05	3.50	2.40	36.7%	32	378
657	1	34.1%	14.84	14.70	15.60	190.00	3.00	3.90	3.75	31.9%	23	627
1,043	60	33.1%	11.10	11.20	12.20	195.00	4.90	5.30	5.35	30.3%	4	123
3,095	93	32.0%	8.40	8.20	9.20	200.00	6.90	7.40	7.50	29.8%	6	31
PM $201.19
7,017	92	30.9%	4.26	4.10	4.80	210.00	12.40	14.40	21.02	34.0%	6	9
1,127	34	30.7%	1.95	1.70	2.30	220.00	20.00	22.40	20.80	37.0%	28	8
1,260	36	31.4%	0.95	0.85	1.10	230.00	—	—	—	—	—	—
55	5	33.4%	0.65	0.25	0.60	240.00	—	—	—	—	—	—
79	1	38.5%	0.47	0.10	0.55	250.00	—	—	—	—	—	—
28	1	50.3%	0.77	0.00	2.15	260.00	—	—	—	—	—	—
0	1	25.0%	0.20	0.00	0.00	280.00	—	—	—	—	—	—

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 PM put/call ratio?

For the November 20, 2026 expiration, the PM put/call ratio based on open interest is 0.75 (12,059 puts vs 16,015 calls), and 0.26 based on today's volume. A ratio above 1 means more puts than calls.

What is PM's implied volatility?

At-the-money implied volatility for PM options expiring November 20, 2026 is about 30.9%, an annualized estimate of how much the market expects Philip Morris International stock to move.

How many PM option expiration dates are there?

PM 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.