PM · Philip Morris International Inc.

Track PM — free Ask ALVIS about PM

$192.99 +1.87 (+0.98%) At close · Jul 24

Market Cap

$300.81B

1.56B

Options Chain

15-min delayed Underlying $192.99 · today Options Calculator

Positioning

Jul 31, 2026 · 5 days to expiry · 96 contracts

Put / call OI

0.79

Balanced positioning

Open interest

4,256

contracts outstanding

Volume

1,517

traded today

Max pain

$190.00

$2.99 below spot

ATM implied vol

33.9%

market's expected move

Open interest by strike · near the money

Calls Puts

100

105

110

115

120

125

130

135

140

145

150

155

157.5

160

162.5

165

167.5

170

172.5

175

177.5

180

182.5

185

187.5

190

192.5

195

197.5

200

202.5

205

207.5

210

212.5

215

217.5

220

222.5

225

230

235

240

245

250

255

260

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Jul 31 5d Aug 7 12d Aug 14 19d Aug 21 26d Aug 28 33d Sep 4 40d Sep 18 54d Oct 16 82d Nov 20 117d Dec 18 145d Jan 15 173d Mar 19 236d Jun 17 326d Jan 21 544d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
0	—	—	—	—		—	—	—	—	0
Call · $95 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $95 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		—	—	—	—	0
Call · $100 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $100 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		—	—	—	—	0
Call · $105 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $105 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		—	—	—	—	0
Call · $110 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $110 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		—	—	—	—	0
Call · $115 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $115 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		—	—	—	—	0
Call · $120 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $120 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		—	-0.046	235.8%	—	0
Call · $125 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $125 Last — Breakeven — Implied vol 235.8% Delta -0.046 ≈5% ITM Gamma 0.002 Theta -0.5 Vega 0.019 Open interest 0 Model this put
0	—	—	—	—		—	-0.024	180.3%	—	0
Call · $130 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $130 Last — Breakeven — Implied vol 180.3% Delta -0.024 ≈2% ITM Gamma 0.001 Theta -0.229 Vega 0.019 Open interest 0 Model this put
0	—	—	—	—		—	-0.034	173.7%	—	0
Call · $135 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $135 Last — Breakeven — Implied vol 173.7% Delta -0.034 ≈3% ITM Gamma 0.002 Theta -0.285 Vega 0.02 Open interest 0 Model this put
0	—	—	—	—		$0.45	-0.029	150%	4	4
Call · $140 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $140 Last $0.45 Breakeven $139.55 Implied vol 150% Delta -0.029 ≈3% ITM Gamma 0.002 Theta -0.217 Vega 0.02 Open interest 4 Model this put
0	—	—	—	—		$0.60	-0.032	135.6%	17	17
Call · $145 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $145 Last $0.60 Breakeven $144.40 Implied vol 135.6% Delta -0.032 ≈3% ITM Gamma 0.002 Theta -0.211 Vega 0.021 Open interest 17 Model this put
0	—	—	—	—		$0.15	-0.012	97.5%	1	16
Call · $150 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $150 Last $0.15 Breakeven $149.85 Implied vol 97.5% Delta -0.012 ≈1% ITM Gamma 0.001 Theta -0.066 Vega 0.011 Open interest 16 Model this put
0	—	—	—	—		$1.08	-0.074	135.1%	1	17
Call · $155 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $155 Last $1.08 Breakeven $153.92 Implied vol 135.1% Delta -0.074 ≈7% ITM Gamma 0.004 Theta -0.417 Vega 0.037 Open interest 17 Model this put
0	—	—	—	—		—	-0.08	128.7%	—	0
Call · $157.5 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $157.5 Last — Breakeven — Implied vol 128.7% Delta -0.08 ≈8% ITM Gamma 0.005 Theta -0.422 Vega 0.037 Open interest 0 Model this put
0	—	—	—	—		$0.05	-0.015	74.9%	26	39
Call · $160 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $160 Last $0.05 Breakeven $159.95 Implied vol 74.9% Delta -0.015 ≈2% ITM Gamma 0.002 Theta -0.062 Vega 0.011 Open interest 39 Model this put
0	—	—	—	—		$0.10	-0.087	111.6%	1	16
Call · $162.5 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $162.5 Last $0.10 Breakeven $162.40 Implied vol 111.6% Delta -0.087 ≈9% ITM Gamma 0.006 Theta -0.386 Vega 0.038 Open interest 16 Model this put
10	5	—	—	$15.74		$0.06	-0.055	86.2%	8	31
Call · $165 In the money Last $15.74 Breakeven $180.74 Implied vol — Delta — Gamma — Theta — Vega — Open interest 10 Model this call Put · $165 Last $0.06 Breakeven $164.94 Implied vol 86.2% Delta -0.055 ≈6% ITM Gamma 0.006 Theta -0.213 Vega 0.022 Open interest 31 Model this put
0	—	—	—	—		$2.25	-0.117	107.4%	7	7
Call · $167.5 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $167.5 Last $2.25 Breakeven $165.25 Implied vol 107.4% Delta -0.117 ≈12% ITM Gamma 0.008 Theta -0.47 Vega 0.038 Open interest 7 Model this put
7	1	—	—	$25.30		$0.05	-0.037	61.7%	83	74
Call · $170 In the money Last $25.30 Breakeven $195.30 Implied vol — Delta — Gamma — Theta — Vega — Open interest 7 Model this call Put · $170 Last $0.05 Breakeven $169.95 Implied vol 61.7% Delta -0.037 ≈4% ITM Gamma 0.006 Theta -0.109 Vega 0.022 Open interest 74 Model this put
0	—	—	—	—		$0.10	-0.06	63.5%	11	215
Call · $172.5 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $172.5 Last $0.10 Breakeven $172.40 Implied vol 63.5% Delta -0.06 ≈6% ITM Gamma 0.008 Theta -0.168 Vega 0.023 Open interest 215 Model this put
8	1	—	—	$9.12		$0.15	-0.06	55.5%	8	313
Call · $175 In the money Last $9.12 Breakeven $184.12 Implied vol — Delta — Gamma — Theta — Vega — Open interest 8 Model this call Put · $175 Last $0.15 Breakeven $174.85 Implied vol 55.5% Delta -0.06 ≈6% ITM Gamma 0.009 Theta -0.147 Vega 0.023 Open interest 313 Model this put
0	—	—	—	—		$0.25	-0.136	68%	5	17
Call · $177.5 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $177.5 Last $0.25 Breakeven $177.25 Implied vol 68% Delta -0.136 ≈14% ITM Gamma 0.014 Theta -0.328 Vega 0.059 Open interest 17 Model this put
170	1	—	—	$15.00		$0.30	-0.117	52.1%	75	259
Call · $180 In the money Last $15.00 Breakeven $195.00 Implied vol — Delta — Gamma — Theta — Vega — Open interest 170 Model this call Put · $180 Last $0.30 Breakeven $179.70 Implied vol 52.1% Delta -0.117 ≈12% ITM Gamma 0.016 Theta -0.227 Vega 0.04 Open interest 259 Model this put
44	1	—	—	$11.50		$0.48	-0.119	42.4%	6	39
Call · $182.5 In the money Last $11.50 Breakeven $194.00 Implied vol — Delta — Gamma — Theta — Vega — Open interest 44 Model this call Put · $182.5 Last $0.48 Breakeven $182.02 Implied vol 42.4% Delta -0.119 ≈12% ITM Gamma 0.02 Theta -0.187 Vega 0.04 Open interest 39 Model this put
55	50	27%	0.919	$8.98		$0.55	-0.164	39%	66	198
Call · $185 In the money Last $8.98 Breakeven $193.98 Implied vol 27% Delta 0.919 ≈92% ITM Gamma 0.024 Theta -0.09 Vega 0.04 Open interest 55 Model this call Put · $185 Last $0.55 Breakeven $184.45 Implied vol 39% Delta -0.164 ≈16% ITM Gamma 0.027 Theta -0.211 Vega 0.061 Open interest 198 Model this put
101	61	38.1%	0.762	$7.30		$1.15	-0.235	37.6%	34	68
Call · $187.5 In the money Last $7.30 Breakeven $194.80 Implied vol 38.1% Delta 0.762 ≈76% ITM Gamma 0.035 Theta -0.264 Vega 0.08 Open interest 101 Model this call Put · $187.5 Last $1.15 Breakeven $186.35 Implied vol 37.6% Delta -0.235 ≈24% ITM Gamma 0.035 Theta -0.257 Vega 0.08 Open interest 68 Model this put
350	12	31.9%	0.689	$5.48		$1.47	-0.33	36.4%	28	139
Call · $190 In the money Last $5.48 Breakeven $195.48 Implied vol 31.9% Delta 0.689 ≈69% ITM Gamma 0.048 Theta -0.251 Vega 0.08 Open interest 350 Model this call Put · $190 Last $1.47 Breakeven $188.53 Implied vol 36.4% Delta -0.33 ≈33% ITM Gamma 0.043 Theta -0.292 Vega 0.08 Open interest 139 Model this put
137	27	32.6%	0.56	$3.80		$2.25	-0.443	35.2%	6	98
Call · $192.5 In the money Last $3.80 Breakeven $196.30 Implied vol 32.6% Delta 0.56 ≈56% ITM Gamma 0.052 Theta -0.286 Vega 0.092 Open interest 137 Model this call Put · $192.5 Last $2.25 Breakeven $190.25 Implied vol 35.2% Delta -0.443 ≈44% ITM Gamma 0.048 Theta -0.306 Vega 0.092 Open interest 98 Model this put
Underlying $192.99
256	93	32.6%	0.431	$2.10		$4.03	-0.564	34.4%	14	171
Call · $195 Last $2.10 Breakeven $197.10 Implied vol 32.6% Delta 0.431 ≈43% ITM Gamma 0.052 Theta -0.283 Vega 0.093 Open interest 256 Model this call Put · $195 In the money Last $4.03 Breakeven $190.97 Implied vol 34.4% Delta -0.564 ≈56% ITM Gamma 0.049 Theta -0.296 Vega 0.093 Open interest 171 Model this put
127	15	34%	0.318	$1.53		$6.39	-0.679	34.5%	22	142
Call · $197.5 Last $1.53 Breakeven $199.03 Implied vol 34% Delta 0.318 ≈32% ITM Gamma 0.045 Theta -0.269 Vega 0.082 Open interest 127 Model this call Put · $197.5 In the money Last $6.39 Breakeven $191.11 Implied vol 34.5% Delta -0.679 ≈68% ITM Gamma 0.045 Theta -0.27 Vega 0.082 Open interest 142 Model this put
565	184	34.4%	0.219	$0.99		$8.36	-0.734	42%	3	1
Call · $200 Last $0.99 Breakeven $200.99 Implied vol 34.4% Delta 0.219 ≈22% ITM Gamma 0.037 Theta -0.226 Vega 0.063 Open interest 565 Model this call Put · $200 In the money Last $8.36 Breakeven $191.64 Implied vol 42% Delta -0.734 ≈73% ITM Gamma 0.034 Theta -0.302 Vega 0.083 Open interest 1 Model this put
104	33	35.8%	0.151	$0.70		$9.10	-0.804	42.4%	1	1
Call · $202.5 Last $0.70 Breakeven $203.20 Implied vol 35.8% Delta 0.151 ≈15% ITM Gamma 0.028 Theta -0.186 Vega 0.064 Open interest 104 Model this call Put · $202.5 In the money Last $9.10 Breakeven $193.40 Implied vol 42.4% Delta -0.804 ≈80% ITM Gamma 0.028 Theta -0.255 Vega 0.064 Open interest 1 Model this put
314	14	37%	0.103	$0.50		$33.50	-0.83	48.4%	2	2
Call · $205 Last $0.50 Breakeven $205.50 Implied vol 37% Delta 0.103 ≈10% ITM Gamma 0.021 Theta -0.146 Vega 0.043 Open interest 314 Model this call Put · $205 In the money Last $33.50 Breakeven $171.50 Implied vol 48.4% Delta -0.83 ≈83% ITM Gamma 0.022 Theta -0.266 Vega 0.064 Open interest 2 Model this put
13	4	35.9%	0.056	$0.30		—	-0.869	50.6%	—	0
Call · $207.5 Last $0.30 Breakeven $207.80 Implied vol 35.9% Delta 0.056 ≈6% ITM Gamma 0.013 Theta -0.089 Vega 0.025 Open interest 13 Model this call Put · $207.5 In the money Last — Breakeven — Implied vol 50.6% Delta -0.869 ≈87% ITM Gamma 0.018 Theta -0.236 Vega 0.043 Open interest 0 Model this put
46	465	38.6%	0.041	$0.20		—	-0.871	58.5%	—	0
Call · $210 Last $0.20 Breakeven $210.20 Implied vol 38.6% Delta 0.041 ≈4% ITM Gamma 0.01 Theta -0.074 Vega 0.025 Open interest 46 Model this call Put · $210 In the money Last — Breakeven — Implied vol 58.5% Delta -0.871 ≈87% ITM Gamma 0.016 Theta -0.27 Vega 0.043 Open interest 0 Model this put
10	10	70.8%	0.143	$0.35		—	-0.898	59.3%	—	0
Call · $212.5 Last $0.35 Breakeven $212.85 Implied vol 70.8% Delta 0.143 ≈14% ITM Gamma 0.014 Theta -0.358 Vega 0.065 Open interest 10 Model this call Put · $212.5 In the money Last — Breakeven — Implied vol 59.3% Delta -0.898 ≈90% ITM Gamma 0.013 Theta -0.228 Vega 0.043 Open interest 0 Model this put
21	5	50.9%	0.046	$0.14		$19.70	-0.914	62.4%	1	0
Call · $215 Last $0.14 Breakeven $215.14 Implied vol 50.9% Delta 0.046 ≈5% ITM Gamma 0.008 Theta -0.107 Vega 0.025 Open interest 21 Model this call Put · $215 In the money Last $19.70 Breakeven $195.30 Implied vol 62.4% Delta -0.914 ≈91% ITM Gamma 0.011 Theta -0.211 Vega 0.043 Open interest 0 Model this put
2	2	82.7%	0.13	$0.35		—	-0.924	66.6%	—	0
Call · $217.5 Last $0.35 Breakeven $217.85 Implied vol 82.7% Delta 0.13 ≈13% ITM Gamma 0.011 Theta -0.388 Vega 0.044 Open interest 2 Model this call Put · $217.5 In the money Last — Breakeven — Implied vol 66.6% Delta -0.924 ≈92% ITM Gamma 0.009 Theta -0.207 Vega 0.043 Open interest 0 Model this put
0	71	85.1%	0.116	$0.05		—	-0.915	75.4%	—	0
Call · $220 Last $0.05 Breakeven $220.05 Implied vol 85.1% Delta 0.116 ≈12% ITM Gamma 0.01 Theta -0.365 Vega 0.044 Open interest 0 Model this call Put · $220 In the money Last — Breakeven — Implied vol 75.4% Delta -0.915 ≈92% ITM Gamma 0.009 Theta -0.253 Vega 0.044 Open interest 0 Model this put
0	—	—	—	—		—	-0.92	80.6%	—	0
Call · $222.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $222.5 In the money Last — Breakeven — Implied vol 80.6% Delta -0.92 ≈92% ITM Gamma 0.008 Theta -0.262 Vega 0.044 Open interest 0 Model this put
0	—	78.5%	0.061	—		—	-0.909	90.3%	—	0
Call · $225 Last — Breakeven — Implied vol 78.5% Delta 0.061 ≈6% ITM Gamma 0.007 Theta -0.208 Vega 0.026 Open interest 0 Model this call Put · $225 In the money Last — Breakeven — Implied vol 90.3% Delta -0.909 ≈91% ITM Gamma 0.008 Theta -0.32 Vega 0.044 Open interest 0 Model this put
0	—	90.9%	0.064	—		—	-0.91	102.6%	—	0
Call · $230 Last — Breakeven — Implied vol 90.9% Delta 0.064 ≈6% ITM Gamma 0.006 Theta -0.249 Vega 0.026 Open interest 0 Model this call Put · $230 In the money Last — Breakeven — Implied vol 102.6% Delta -0.91 ≈91% ITM Gamma 0.007 Theta -0.362 Vega 0.045 Open interest 0 Model this put
0	—	121.8%	0.107	—		—	-0.934	103%	—	0
Call · $235 Last — Breakeven — Implied vol 121.8% Delta 0.107 ≈11% ITM Gamma 0.006 Theta -0.491 Vega 0.045 Open interest 0 Model this call Put · $235 In the money Last — Breakeven — Implied vol 103% Delta -0.934 ≈93% ITM Gamma 0.005 Theta -0.285 Vega 0.026 Open interest 0 Model this put
1	1	101.8%	0.044	$0.10		—	-0.938	111.2%	—	0
Call · $240 Last $0.10 Breakeven $240.10 Implied vol 101.8% Delta 0.044 ≈4% ITM Gamma 0.004 Theta -0.209 Vega 0.027 Open interest 1 Model this call Put · $240 In the money Last — Breakeven — Implied vol 111.2% Delta -0.938 ≈94% ITM Gamma 0.005 Theta -0.291 Vega 0.027 Open interest 0 Model this put
0	—	109.9%	0.042	—		—	-0.942	119.3%	—	0
Call · $245 Last — Breakeven — Implied vol 109.9% Delta 0.042 ≈4% ITM Gamma 0.003 Theta -0.215 Vega 0.027 Open interest 0 Model this call Put · $245 In the money Last — Breakeven — Implied vol 119.3% Delta -0.942 ≈94% ITM Gamma 0.004 Theta -0.298 Vega 0.027 Open interest 0 Model this put
0	—	117.8%	0.04	—		—	-0.928	138.2%	—	0
Call · $250 Last — Breakeven — Implied vol 117.8% Delta 0.04 ≈4% ITM Gamma 0.003 Theta -0.222 Vega 0.027 Open interest 0 Model this call Put · $250 In the money Last — Breakeven — Implied vol 138.2% Delta -0.928 ≈93% ITM Gamma 0.004 Theta -0.41 Vega 0.027 Open interest 0 Model this put
0	—	125.5%	0.038	—		—	-0.947	134.8%	—	0
Call · $255 Last — Breakeven — Implied vol 125.5% Delta 0.038 ≈4% ITM Gamma 0.003 Theta -0.228 Vega 0.027 Open interest 0 Model this call Put · $255 In the money Last — Breakeven — Implied vol 134.8% Delta -0.947 ≈95% ITM Gamma 0.003 Theta -0.31 Vega 0.027 Open interest 0 Model this put
31	31	156.6%	0.07	$0.05		—	-0.942	147.8%	—	0
Call · $260 Last $0.05 Breakeven $260.05 Implied vol 156.6% Delta 0.07 ≈7% ITM Gamma 0.004 Theta -0.463 Vega 0.028 Open interest 31 Model this call Put · $260 In the money Last — Breakeven — Implied vol 147.8% Delta -0.942 ≈94% ITM Gamma 0.003 Theta -0.37 Vega 0.028 Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. The 25 strikes around the money are shown by default — switch to "All 48" for the wings. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1413329 CUSIP 718172109 13F (30d) 984 filings 954 filers Visit website Investor relations