Tour v394
PM
PHILIP MORRIS INTL I
$191.12 -1.64%
(7/22 18:07) ◀
|
Thursday, July 23, 2026 (6:59pm)
January 2026
|
▶ (7/24 03:26)
◀ 7/23 18:59 ▶

Option Volume

Detail
ℹ
Current (07/23) 6,450
Calls: 2,695 (42%)
Puts: 3,755 (58%)
Prior (07/22) 15,281
Calls: 8,219 (54%)
Puts: 7,062 (46%)
Current vs Prior -57.79%
Calls: -67.21% (Calls)
Puts: -46.83% (Puts)
Prior 7-Day Total 62,715
Calls: 32,295 (51%)
Puts: 30,420 (49%)
Prior 7-Day Average 8,959
Calls: 4,613 (51%)
Puts: 4,345 (49%)
Current vs Prior 7-Day Avg -28.01%
Calls: -41.59%
Puts: -13.59%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/23) $2.67M
Calls: $952.5K (36%)
Puts: $1.72M (64%)
Prior (07/22) $6.18M
Calls: $3.71M (60%)
Puts: $2.47M (40%)
Current vs Prior -56.80%
Calls: -74.33%
Puts: -30.51%
Prior 7-Day Total $30.57M
Calls: $19.43M (64%)
Puts: $11.14M (36%)
Prior 7-Day Average $4.37M
Calls: $2.78M (64%)
Puts: $1.59M (36%)
Current vs Prior 7-Day Avg -38.84%
Calls: -65.68%
Puts: +7.98%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 1.39
Prior (07/22) 0.86
Current vs Prior +62.16%
Prior 7-Day Average 0.94
Current vs Prior 7-Day Avg +48.41%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/23) 65,696
Calls: 33,698 (51%)
Puts: 31,998 (49%)
Prior (07/22) 138,386
Calls: 64,046 (46%)
Puts: 74,340 (54%)
Current vs Prior -52.53%
Prior 7-Day Total 609,459
Calls: 288,511 (47%)
Puts: 320,948 (53%)
Prior 7-Day Average 87,065
Calls: 41,215 (47%)
Puts: 45,849 (53%)
Current vs Prior 7-Day Avg -24.54%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 2.75% | 4.29%7.46% | 10.75%
Prior 3.27% | 4.92%7.90% | 11.25%
Current vs Prior -15.95% | -12.71%-5.62% | -4.38%
Prior 7-Day Avg 4.53% | 6.71%5.36% | 10.93%
Current vs 7-Day Avg -39.34% | -36.05%+39.21% | -1.61%
Prior 7-Day Eod 3.27% | 4.92%7.90% | 11.25%
Current vs 7-Day Eod -15.95% | -12.71%-5.62% | -4.38%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 19.86% | 10.30%
Calls: 15.00% | 8.85%
Puts: 24.71% | 11.76%
Prior 19.86% | 10.30%
Calls: 15.00% | 8.85%
Puts: 24.71% | 11.76%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 47.92% | 20.70%
Calls: 45.23% | 19.80%
Puts: 50.62% | 21.60%
Current vs 7-Day Avg -58.56% | -50.24%
Liquidity Expensive
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🤖 AI Insights

Moderately bearish flow with 64% put dollar volume ($1.72M). Light premium activity with dollar volume down 57% vs prior. Below-average activity with volume down 58% vs prior. Bearish P/C ratio of 1.39 indicates protective positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top -- of results (avg --%, best --%)

No options available for this category

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. -- found (avg $--, cheapest $--)

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 33 found (avg delta 0.73, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Jul 249.1012.10$10.6028.3%191.00194
$165.00Aug 724.5028.10$26.3013.7%10.92--
$180.00Jul 319.8012.90$11.3527.3%120.88165
$185.00Jul 245.207.30$6.2533.6%20.8891
$175.00Aug 2116.6019.30$17.9515.0%30.85456
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Jul 2417.9020.90$19.4015.5%150.99--
$205.00Jul 2413.0015.90$14.4520.1%10.984
$212.50Jul 2420.7023.40$22.0512.2%150.97--
$207.50Jul 2415.4018.40$16.9017.8%70.951
$197.50Jul 245.308.60$6.9547.5%10.8739

Most actively traded options today. High liquidity = easy entry/exit. 119 active (total vol 4.0K, top 325)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Jul 240.000.40$0.20200.0%2770.071.1K
$190.00Jul 241.003.70$2.35114.9%2560.57744
$205.00Jul 240.000.05$0.03166.7%1810.01374
$192.50Jul 240.602.05$1.33109.0%1270.37470
$195.00Jul 240.150.65$0.40125.0%1240.17370
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$187.50Jul 240.102.00$1.05181.0%3250.28310
$190.00Jul 240.153.20$1.68181.5%2170.44384
$175.00Aug 211.201.65$1.4231.7%1330.152.9K
$180.00Jul 240.000.20$0.10200.0%1180.04714
$185.00Jul 240.001.00$0.50200.0%1090.16222

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 28 strikes (avg 111.7%, max 294.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$207.50Jul 24Aug 21101.2%30.8%228.3%118295
$210.00Jul 24Aug 2881.5%31.9%155.9%84397
$202.50Jul 24Aug 2172.9%30.4%140.3%52342
$180.00Jul 24Aug 2165.7%31.1%111.3%23884
$200.00Jul 24Aug 2864.9%31.7%104.7%2781.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$155.00Jul 24Aug 21162.7%41.3%294.3%5869
$170.00Jul 24Aug 2896.0%32.1%199.0%1612
$175.00Jul 24Aug 2891.3%31.7%188.0%48--
$182.50Jul 24Aug 2183.6%30.8%171.7%114168
$172.50Jul 24Aug 2193.4%39.1%139.2%635

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 67 found (best R:R 40.67, avg 4.63)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$210.00$215.00Aug 21$0.23$4.77$0.2320.74$210.23
$202.50$205.00Jul 24$0.12$2.38$0.1219.83$202.62
$197.50$200.00Jul 24$0.15$2.35$0.1515.67$197.65
$207.50$210.00Jul 24$0.17$2.33$0.1713.71$207.67
$215.00$220.00Aug 21$0.47$4.53$0.479.64$215.47
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$177.50$165.00Aug 7$0.30$12.20$0.3040.67$177.20
$185.00$182.50Aug 7$0.22$2.28$0.2210.36$184.78
$160.00$155.00Aug 21$0.49$4.51$0.499.20$159.51
$182.50$180.00Jul 31$0.31$2.19$0.317.06$182.19
$185.00$182.50Jul 31$0.37$2.13$0.375.76$184.63

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 79 found (best R:R 7.33, avg 1.11)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$180.00$182.50Jul 31$2.20$2.20$0.307.33$182.20
$180.00$185.00Jul 24$4.35$4.35$0.656.69$184.35
$185.00$187.50Jul 24$2.10$2.10$0.405.25$187.10
$187.50$190.00Jul 31$2.10$2.10$0.405.25$189.60
$175.00$180.00Aug 21$4.15$4.15$0.854.88$179.15
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$197.50$195.00Jul 24$2.20$2.20$0.307.33$195.30
$195.00$192.50Jul 24$1.85$1.85$0.652.85$193.15
$200.00$197.50Aug 7$1.70$1.70$0.802.13$198.30
$197.50$190.00Aug 7$4.45$4.45$3.051.46$193.05
$192.50$190.00Aug 21$1.45$1.45$1.051.38$191.05

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 27 found (avg debit $1.11, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$215.00Jul 31Aug 21$0.0563.7%33.6%
$202.50Jul 24Jul 31$0.5872.9%36.0%
$180.00Jul 24Jul 31$0.7565.7%34.9%
$210.00Jul 24Jul 31$0.8081.5%52.4%
$200.00Jul 24Jul 31$0.8564.9%35.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$175.00Jul 24Jul 31$0.1091.3%36.2%
$155.00Jul 24Aug 21$0.25162.7%41.3%
$182.50Jul 24Jul 31$0.2883.6%33.6%
$180.00Jul 24Jul 31$0.4765.7%34.9%
$177.50Jul 24Jul 31$0.6563.5%42.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 30 found (cheapest 2.11% of stock, avg 6.30%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$190.00Jul 24$2.35$1.68$4.03$185.97$194.032.11%
$192.50Jul 24$1.33$2.90$4.23$188.27$196.732.21%
$195.00Jul 24$0.40$4.75$5.15$189.85$200.152.69%
$187.50Jul 24$4.15$1.05$5.20$182.30$192.702.72%
$185.00Jul 24$6.25$0.50$6.75$178.25$191.753.53%
$190.00Jul 31$4.15$2.90$7.05$182.95$197.053.69%
$192.50Jul 31$3.08$4.05$7.13$185.37$199.633.73%
$197.50Jul 24$0.35$6.95$7.30$190.20$204.803.82%
$187.50Jul 31$6.25$2.10$8.35$179.15$195.854.37%
$185.00Jul 31$7.35$1.25$8.60$176.40$193.604.50%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 115 found (cheapest 0.34% of stock, avg 2.51%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$202.50$185.00Jul 24$0.15$0.50$0.65$184.35$203.15
$200.00$185.00Jul 24$0.20$0.50$0.70$184.30$200.70
$202.50$182.50Jul 24$0.15$0.60$0.75$181.75$203.25
$200.00$182.50Jul 24$0.20$0.60$0.80$181.70$200.80
$197.50$185.00Jul 24$0.35$0.50$0.85$184.15$198.35
$195.00$185.00Jul 24$0.40$0.50$0.90$184.10$195.90
$197.50$182.50Jul 24$0.35$0.60$0.95$181.55$198.45
$195.00$182.50Jul 24$0.40$0.60$1.00$181.50$196.00
$202.50$187.50Jul 24$0.15$1.05$1.20$186.30$203.70
$200.00$187.50Jul 24$0.20$1.05$1.25$186.25$201.25

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 164 found (best R:R 19.83, avg credit $1.70)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
175/178182/185Aug 21$2.38$0.1219.83$175.12$184.88
195/198208/210Jul 24$2.37$0.1318.23$195.13$209.87
195/198202/205Jul 24$2.32$0.1812.89$195.18$204.82
155/160175/180Aug 21$4.64$0.3612.89$155.36$179.64
180/182188/190Jul 24$2.30$0.2011.50$180.20$189.80
175/178182/185Jul 31$2.28$0.2210.36$175.22$184.78
170/172190/192Aug 21$2.25$0.259.00$170.25$192.25
185/188190/192Aug 21$2.20$0.307.33$185.30$192.20
185/188190/192Aug 7$2.13$0.375.76$185.37$192.13
190/192200/202Aug 21$2.12$0.385.58$190.38$202.12

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 44 found (best R:R 40.67, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$190.00$192.50$195.00Jul 24$0.09$2.4126.78
$190.00$192.50$195.00Jul 31$0.09$2.4126.78
$205.00$210.00$215.00Jul 31$0.19$4.8125.32
$197.50$200.00$202.50Jul 24$0.10$2.4024.00
$190.00$192.50$195.00Aug 7$0.10$2.4024.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$180.00$182.50$185.00Jul 31$0.06$2.4440.67
$185.00$187.50$190.00Jul 24$0.08$2.4230.25
$180.00$182.50$185.00Aug 21$0.12$2.3819.83
$170.00$175.00$180.00Aug 28$0.24$4.7619.83
$182.50$185.00$187.50Aug 21$0.13$2.3718.23

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 86 found (best net $-0.48, 71 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$180.00$190.001:2Aug 14-$0.35$9.65
$215.00$220.001:2Aug 21-$0.06$4.94
$200.00$205.001:2Aug 7-$0.38$4.62
$205.00$210.001:2Jul 31-$0.76$4.24
$210.00$215.001:2Aug 21-$0.77$4.23
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$177.50$165.001:2Aug 7-$0.48$12.02
$162.50$155.001:2Jul 24-$0.03$7.47
$167.50$162.501:2Jul 24-$0.01$4.99
$175.00$170.001:2Aug 28-$0.32$4.68
$165.00$160.001:2Aug 21-$0.71$4.29

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 29 found (best yield 2.83%, avg 1.00%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$192.50Aug 21$5.400.490.7%2.83%3.55%3278
$195.00Aug 28$5.200.452.0%2.72%4.75%3--
$195.00Aug 21$4.800.432.0%2.51%4.54%48959
$192.50Aug 7$4.000.480.7%2.09%2.81%5795
$195.00Aug 14$3.800.412.0%1.99%4.02%221
$200.00Aug 28$3.200.344.7%1.67%6.32%19
$192.50Jul 31$2.750.450.7%1.44%2.16%7686
$200.00Aug 21$2.650.324.7%1.39%6.03%21.8K
$200.00Aug 14$2.250.304.7%1.18%5.82%7293
$205.00Aug 28$2.050.257.3%1.07%8.34%4677

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 2,695
Total Puts 3,755
Put/Call Ratio 1.39
Net Difference -1,060

Prior's Put/Call Breakdown

Total Calls 8,219
Total Puts 7,062
Put/Call Ratio 0.86
Net Difference 1,157

Prior 7-Day Put/Call Summary

Total Calls 32,295
Total Puts 30,420
Average Put/Call Ratio 0.94
Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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