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: Dec 18, 2026
Days to expiration: 68
Share price: $201.19
Put/call ratio (OI): 1.10
Put/call ratio (volume): 0.21
ATM implied volatility: 30.0%
Expected move: ±$26.07
Open interest (C / P): 10.30K / 11.30K

PM options summary

The PM options chain for the December 18, 2026 expiration lists 33 call and 28 put contracts, with 68 days until expiration. Open interest stands at 10,299 calls and 11,305 puts, a put/call ratio of 1.10, which is fairly balanced between calls and puts. At-the-money implied volatility near the $200.00 strike is 30.0%, which implies the market expects a move of about ±$26.07 (13.0%) in Philip Morris International stock by expiration.

The most open interest sits at the $200.00 call (2.69K contracts) and the $175.00 put (1.96K contracts).

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

PM options chain · December 18, 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
0	—	—	103.60	114.70	118.20	75.00	0.00	0.00	0.77	50.0%	3	0
1	—	—	101.06	104.20	107.60	80.00	0.00	0.00	0.55	50.0%	6	0
—	—	—	—	—	—	85.00	0.00	0.40	0.10	87.6%	17	22
6	2	—	72.42	63.50	68.00	90.00	0.00	0.20	0.11	75.4%	1	15
0	450	77.5%	93.10	104.80	108.00	95.00	—	—	—	—	—	—
1	2	—	77.40	89.90	93.50	100.00	0.00	0.25	0.10	68.0%	2	351
0	20	68.0%	83.30	94.90	97.90	105.00	0.00	2.15	0.10	89.2%	2	11
0	285	65.5%	78.30	89.90	93.00	110.00	0.00	2.15	0.15	83.6%	1	9
0	235	64.3%	73.30	85.00	88.10	115.00	0.00	2.15	0.10	78.3%	1	33
0	6	61.2%	68.30	80.00	83.20	120.00	0.00	2.15	0.11	73.2%	3	303
0	65	58.1%	63.20	75.10	78.20	125.00	0.10	0.70	0.95	56.8%	2	72
1	200	61.3%	58.00	70.90	73.30	130.00	0.00	0.25	0.13	48.9%	2	202
27	1	50.8%	55.42	65.10	68.30	135.00	0.00	0.65	0.17	53.2%	10	163
10	6	64.1%	53.10	60.30	63.30	140.00	0.05	0.20	0.13	40.1%	3	325
26	1	59.9%	44.00	55.30	58.40	145.00	0.00	0.40	0.60	41.1%	5	371
36	14	56.5%	42.75	50.50	53.60	150.00	0.00	0.65	0.25	41.1%	3	1,010
19	3	53.0%	38.17	45.70	48.80	155.00	0.00	0.85	0.48	39.5%	4	1,117
142	5	48.8%	32.30	40.90	43.90	160.00	0.15	1.10	1.45	37.9%	6	627
66	1	42.9%	38.03	36.20	38.70	165.00	0.60	1.40	1.00	36.1%	2	453
85	1	43.2%	33.49	31.50	34.70	170.00	1.20	1.95	1.30	35.3%	248	490
312	10	38.7%	19.70	28.10	29.80	175.00	1.60	2.30	2.00	32.7%	3	1,964
364	1	39.2%	22.04	23.40	26.20	180.00	2.35	3.30	2.65	32.5%	13	934
367	21	35.6%	21.75	19.30	21.70	185.00	3.30	5.00	3.80	33.8%	4	832
400	5	33.8%	16.83	15.90	17.90	190.00	4.50	5.00	5.20	28.2%	11	1,613
2,064	3	32.4%	13.58	13.60	14.50	195.00	6.20	7.50	7.00	30.0%	4	273
2,686	5	31.0%	11.08	10.10	11.40	200.00	8.40	9.50	9.20	29.0%	3	92
PM $201.19
1,366	23	32.2%	6.33	5.50	7.60	210.00	13.60	15.70	15.00	30.1%	1	22
1,101	47	33.3%	3.40	2.35	5.00	220.00	—	—	—	—	—	—
559	277	29.4%	1.75	1.75	2.10	230.00	28.80	31.70	38.90	32.9%	—	1
493	16	33.2%	1.25	0.15	1.70	240.00	—	—	—	—	—	—
90	5	33.3%	0.30	0.50	0.95	250.00	—	—	—	—	—	—
24	4	37.3%	0.29	0.00	0.90	260.00	—	—	—	—	—	—
14	1	39.9%	0.94	0.20	0.75	270.00	110.50	113.80	125.60	183.8%	—	0
39	4	40.6%	0.20	0.00	0.50	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 December 18, 2026 expiration, the PM put/call ratio based on open interest is 1.10 (11,305 puts vs 10,299 calls), and 0.21 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 December 18, 2026 is about 30.0%, 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.