PM - Options Database

PHILIP MORRIS INTL I

$194.33 +3.35%

(7/22 09:45) ◀

Wednesday, July 22, 2026 (9:50am)

▶ (7/22 09:55)

◀ 7/22 09:50 ▶

Option Volume

Detail

ℹ

Current (07/22 9:50am) 3,883

Calls: 2,486 (64%)

Puts: 1,397 (36%)

Prior (07/17) 1,566

Calls: 967 (62%)

Puts: 599 (38%)

Current vs Prior +147.96%

Calls: +157.08% (Calls)

Puts: +133.22% (Puts)

Prior 7-Day Total 39,561

Calls: 18,890 (48%)

Puts: 20,671 (52%)

Prior 7-Day Average 5,651

Calls: 2,698 (48%)

Puts: 2,953 (52%)

Current vs Prior 7-Day Avg -31.29%

Calls: -7.88%

Puts: -52.69%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/22 9:50am) $1.48M

Calls: $1.11M (75%)

Puts: $376.3K (25%)

Prior (07/17) $1.58M

Calls: $952.8K (60%)

Puts: $628.0K (40%)

Current vs Prior -6.10%

Calls: +16.30%

Puts: -40.08%

Prior 7-Day Total $14.39M

Calls: $8.46M (59%)

Puts: $5.93M (41%)

Prior 7-Day Average $2.06M

Calls: $1.21M (59%)

Puts: $846.9K (41%)

Current vs Prior 7-Day Avg -27.77%

Calls: -8.28%

Puts: -55.57%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/22 9:50am) 0.56

Prior (07/17) 0.62

Current vs Prior -9.28%

Prior 7-Day Average 1.03

Current vs Prior 7-Day Avg -45.30%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (07/22 9:50am) 138,386

Calls: 64,046 (46%)

Puts: 74,340 (54%)

Prior (07/17) 147,006

Calls: 66,152 (45%)

Puts: 80,854 (55%)

Current vs Prior -5.86%

Prior 7-Day Total 965,160

Calls: 450,336 (47%)

Puts: 514,824 (53%)

Prior 7-Day Average 137,880

Calls: 64,333 (47%)

Puts: 73,546 (53%)

Current vs Prior 7-Day Avg +0.37%

Sentiment BULLISH

Expected Move

Detail

ℹ

WKMO Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)

Current 4.03% | 5.56%8.05% | 11.09%

Prior 6.11% | 6.90%8.96% | 12.07%

Current vs Prior -34.08% | -19.49%-10.10% | -8.10%

Prior 7-Day Avg 4.39% | 6.34%5.67% | 11.42%

Current vs 7-Day Avg -8.31% | -12.41%+42.13% | -2.86%

Prior 7-Day Eod 6.11% | 6.90%9.20% | 12.13%

Current vs 7-Day Eod -34.08% | -19.49%-12.47% | -8.54%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 60.08% | 33.52%

Calls: 49.33% | 40.00%

Puts: 70.83% | 27.05%

Prior 19.13% | 11.22%

Calls: 17.32% | 6.80%

Puts: 20.95% | 15.65%

Current vs Prior +214.06% | +198.75%

Prior 7-Day Avg 43.31% | 18.93%

Calls: 41.84% | 18.14%

Puts: 44.78% | 19.71%

Current vs 7-Day Avg +38.73% | +77.10%

Liquidity Expensive

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Moderately bullish flow with 75% call dollar volume ($1.11M). Unusually high activity with volume up 148% vs prior - elevated interest. Bullish P/C ratio of 0.56.

Smart Money BULLISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BEARISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
09:50	BULLISH	BULLISH	BULLISH
09:45	BULLISH	BULLISH	BULLISH
09:40	BULLISH	BEARISH	BEARISH
09:35	BULLISH	NEUTRAL	BULLISH

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📊 High Delta (ITM)

🔥 High Volume

⏰ Backwardation

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📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

🦅 Iron Condors

🦋 Butterflies

⚖️ Ratio Spreads

🛡️ Covered Calls

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Tightest Spreads

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Best Value <$1

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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 3 of results (avg 8.9%, best 8.0%)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Jul 24	32.50	35.60	$34.05	9.1%	--	0.99	11
$160.00	Aug 21	33.60	37.00	$35.30	9.6%	--	0.93	36

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Jul 24	34.60	37.50	$36.05	8.0%	1	0.89	--

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. 51 found (avg delta 0.76, highest 0.99)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Jul 24	32.50	35.60	$34.05	9.1%	--	0.99	11
$170.00	Jul 24	22.60	25.90	$24.25	13.6%	--	0.99	26
$175.00	Jul 24	17.60	20.70	$19.15	16.2%	1	0.98	62
$177.50	Jul 24	16.00	18.60	$17.30	15.0%	--	0.96	19
$165.00	Jul 31	27.80	30.90	$29.35	10.6%	--	0.95	10

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$210.00	Jul 24	14.80	17.60	$16.20	17.3%	2	0.95	10
$212.50	Jul 24	16.70	20.10	$18.40	18.5%	--	0.94	10
$207.50	Jul 24	12.40	15.30	$13.85	20.9%	1	0.92	--
$215.00	Jul 31	19.70	22.90	$21.30	15.0%	1	0.89	--
$230.00	Jul 24	34.60	37.50	$36.05	8.0%	1	0.89	--

Most actively traded options today. High liquidity = easy entry/exit. 89 active (total vol 3.0K, top 973)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Jul 24	1.25	1.40	$1.33	11.3%	973	0.27	507
$190.00	Aug 28	9.90	11.60	$10.75	15.8%	102	0.61	74
$185.00	Jul 31	9.30	12.30	$10.80	27.8%	101	0.79	132
$195.00	Jul 24	2.05	4.00	$3.03	64.4%	96	0.48	389
$205.00	Jul 24	0.05	0.70	$0.38	171.1%	91	0.10	420

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$180.00	Jul 24	0.20	0.35	$0.28	53.6%	267	0.06	1.1K
$177.50	Jul 24	0.10	0.25	$0.18	83.3%	218	0.04	1.3K
$170.00	Aug 21	0.75	2.30	$1.53	101.3%	121	0.12	546
$175.00	Jul 24	0.05	0.10	$0.08	62.5%	114	0.02	529
$172.50	Jul 24	0.00	0.25	$0.13	192.3%	71	0.03	324

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 38 strikes (avg 76.7%, max 132.4%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Jul 24	Aug 21	98.1%	42.2%	132.4%	--	47
$220.00	Jul 24	Aug 28	77.4%	35.5%	117.9%	1	30
$225.00	Jul 24	Aug 21	74.1%	35.6%	108.5%	2	63
$212.50	Jul 24	Aug 21	68.2%	33.9%	101.0%	1	264
$192.50	Jul 24	Aug 21	59.5%	30.4%	96.0%	40	687

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Jul 24	Aug 28	98.1%	43.5%	125.4%	--	79
$165.00	Jul 24	Aug 28	84.0%	39.4%	113.2%	3	704
$177.50	Jul 24	Aug 21	67.6%	34.3%	96.8%	218	1.4K
$187.50	Jul 24	Aug 21	57.9%	29.5%	96.0%	31	321
$192.50	Jul 24	Aug 21	59.5%	30.4%	96.0%	4	256

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 90 found (best R:R 52.03, avg 6.40)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$212.50	$230.00	Aug 7	$0.33	$17.17	$0.33	52.03	$212.83
$212.50	$215.00	Jul 24	$0.13	$2.37	$0.13	18.23	$212.63
$220.00	$225.00	Aug 21	$0.27	$4.73	$0.27	17.52	$220.27
$210.00	$215.00	Jul 31	$0.29	$4.71	$0.29	16.24	$210.29
$210.00	$212.50	Aug 7	$0.17	$2.33	$0.17	13.71	$210.17

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$175.00	$170.00	Aug 14	$0.10	$4.90	$0.10	49.00	$174.90
$165.00	$160.00	Aug 28	$0.12	$4.88	$0.12	40.67	$164.88
$170.00	$160.00	Aug 14	$0.27	$9.73	$0.27	36.04	$169.73
$172.50	$170.00	Jul 24	$0.10	$2.40	$0.10	24.00	$172.40
$180.00	$177.50	Jul 24	$0.10	$2.40	$0.10	24.00	$179.90

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 115 found (best R:R 49.00, avg 2.84)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$160.00	$170.00	Jul 24	$9.80	$9.80	$0.20	49.00	$169.80
$160.00	$165.00	Aug 21	$4.90	$4.90	$0.10	49.00	$164.90
$165.00	$180.00	Jul 31	$14.30	$14.30	$0.70	20.43	$179.30
$180.00	$182.50	Jul 31	$2.35	$2.35	$0.15	15.67	$182.35
$170.00	$175.00	Aug 21	$4.70	$4.70	$0.30	15.67	$174.70

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$202.50	$200.00	Jul 24	$2.35	$2.35	$0.15	15.67	$200.15
$210.00	$207.50	Jul 24	$2.35	$2.35	$0.15	15.67	$207.65
$207.50	$202.50	Jul 24	$4.55	$4.55	$0.45	10.11	$202.95
$212.50	$210.00	Jul 24	$2.20	$2.20	$0.30	7.33	$210.30
$215.00	$197.50	Jul 31	$14.75	$14.75	$2.75	5.36	$200.25

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 38 found (avg debit $1.12, cheapest $0.13)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$230.00	Aug 7	Aug 21	$0.13	59.4%	44.9%
$182.50	Jul 24	Jul 31	$0.40	67.7%	47.4%
$180.00	Jul 24	Jul 31	$0.70	65.0%	44.7%
$225.00	Jul 24	Aug 21	$0.70	74.1%	35.6%
$190.00	Jul 24	Jul 31	$0.85	60.5%	40.2%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$172.50	Jul 24	Jul 31	$0.22	79.8%	48.8%
$175.00	Jul 24	Jul 31	$0.40	65.9%	47.3%
$170.00	Jul 24	Jul 31	$0.42	70.3%	56.3%
$165.00	Jul 24	Jul 31	$0.47	84.0%	67.5%
$180.00	Jul 24	Jul 31	$0.60	65.0%	44.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 47 found (cheapest 3.38% of stock, avg 8.14%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$195.00	Jul 24	$3.03	$3.53	$6.56	$188.44	$201.56	3.38%
$192.50	Jul 24	$4.30	$2.73	$7.03	$185.47	$199.53	3.62%
$197.50	Jul 24	$1.98	$5.20	$7.18	$190.32	$204.68	3.69%
$190.00	Jul 24	$6.35	$1.85	$8.20	$181.80	$198.20	4.22%
$200.00	Jul 24	$1.33	$6.95	$8.28	$191.72	$208.28	4.26%
$187.50	Jul 24	$7.40	$1.05	$8.45	$179.05	$195.95	4.35%
$192.50	Jul 31	$5.75	$4.15	$9.90	$182.60	$202.40	5.09%
$190.00	Jul 31	$7.20	$2.83	$10.03	$179.97	$200.03	5.16%
$202.50	Jul 24	$0.78	$9.30	$10.08	$192.42	$212.58	5.19%
$197.50	Jul 31	$3.53	$6.55	$10.08	$187.42	$207.58	5.19%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 136 found (cheapest 0.45% of stock, avg 3.09%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$205.00	$185.00	Jul 24	$0.38	$0.50	$0.88	$184.12	$205.88
$205.00	$182.50	Jul 24	$0.38	$0.57	$0.95	$181.55	$205.95
$202.50	$185.00	Jul 24	$0.78	$0.50	$1.28	$183.72	$203.78
$202.50	$182.50	Jul 24	$0.78	$0.57	$1.35	$181.15	$203.85
$205.00	$187.50	Jul 24	$0.38	$1.05	$1.43	$186.07	$206.43
$200.00	$185.00	Jul 24	$1.33	$0.50	$1.83	$183.17	$201.83
$202.50	$187.50	Jul 24	$0.78	$1.05	$1.83	$185.67	$204.33
$200.00	$182.50	Jul 24	$1.33	$0.57	$1.90	$180.60	$201.90
$205.00	$190.00	Jul 24	$0.38	$1.85	$2.23	$187.77	$207.23
$200.00	$187.50	Jul 24	$1.33	$1.05	$2.38	$185.12	$202.38

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 169 found (best R:R 24.00, avg credit $2.22)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
170/172	185/188	Jul 24	$2.40	$0.10	24.00	$170.10	$187.40
178/180	185/188	Jul 24	$2.40	$0.10	24.00	$177.60	$187.40
180/182	190/192	Jul 24	$2.34	$0.16	14.62	$180.16	$192.34
165/168	180/182	Jul 24	$2.32	$0.18	12.89	$165.18	$182.32
165/168	190/192	Jul 24	$2.32	$0.18	12.89	$165.18	$192.32
190/192	198/200	Jul 31	$2.30	$0.20	11.50	$190.20	$199.80
165/170	175/180	Aug 21	$4.60	$0.40	11.50	$165.40	$179.60
175/178	195/198	Jul 31	$2.29	$0.21	10.90	$175.21	$197.29
180/182	195/198	Jul 31	$2.29	$0.21	10.90	$180.21	$197.29
175/178	188/190	Jul 31	$2.27	$0.23	9.87	$175.23	$189.77

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 70 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$187.50	$190.00	$192.50	Aug 7	$0.05	$2.45	49.00
$175.00	$180.00	$185.00	Aug 21	$0.10	$4.90	49.00
$197.50	$200.00	$202.50	Jul 24	$0.10	$2.40	24.00
$200.00	$202.50	$205.00	Jul 24	$0.15	$2.35	15.67
$192.50	$195.00	$197.50	Aug 7	$0.15	$2.35	15.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$185.00	$190.00	$195.00	Aug 14	$0.05	$4.95	99.00
$187.50	$190.00	$192.50	Jul 24	$0.08	$2.42	30.25
$195.00	$197.50	$200.00	Jul 24	$0.08	$2.42	30.25
$160.00	$165.00	$170.00	Aug 21	$0.17	$4.83	28.41
$182.50	$185.00	$187.50	Jul 31	$0.13	$2.37	18.23

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 93 found (best net $-0.75, 80 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$212.50	$230.00	1:2	Aug 7	-$0.77	$16.73
$165.00	$180.00	1:2	Jul 31	-$0.75	$14.25
$210.00	$220.00	1:2	Aug 28	-$0.21	$9.79
$202.50	$210.00	1:2	Aug 21	-$0.96	$6.54
$215.00	$220.00	1:2	Aug 21	-$0.25	$4.75

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$230.00	$212.50	1:2	Jul 24	-$0.75	$16.75
$170.00	$160.00	1:2	Aug 14	-$0.96	$9.04
$170.00	$165.00	1:2	Aug 7	-$0.03	$4.97
$165.00	$160.00	1:2	Aug 21	-$0.07	$4.93
$170.00	$165.00	1:2	Aug 21	-$0.33	$4.67

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 34 found (best yield 3.45%, avg 1.15%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$195.00	Aug 28	$6.70	0.51	0.3%	3.45%	3.79%	50	10
$195.00	Aug 21	$5.90	0.50	0.3%	3.04%	3.38%	8	923
$195.00	Aug 14	$5.30	0.50	0.3%	2.73%	3.07%	--	19
$197.50	Aug 21	$4.90	0.45	1.6%	2.52%	4.15%	12	19
$200.00	Aug 28	$4.70	0.42	2.9%	2.42%	5.34%	1	6
$195.00	Aug 7	$4.60	0.50	0.3%	2.37%	2.71%	1	74
$195.00	Jul 31	$4.50	0.51	0.3%	2.32%	2.66%	12	106
$200.00	Aug 21	$4.00	0.40	2.9%	2.06%	4.98%	11	1.7K
$197.50	Aug 7	$3.60	0.44	1.6%	1.85%	3.48%	--	41
$200.00	Aug 14	$3.10	0.39	2.9%	1.60%	4.51%	--	137

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 2,486

Total Puts 1,397

Put/Call Ratio 0.56

Net Difference 1,089

Prior's Put/Call Breakdown

Total Calls 967

Total Puts 599

Put/Call Ratio 0.62

Net Difference 368

Prior 7-Day Put/Call Summary

Total Calls 18,890

Total Puts 20,671

Average Put/Call Ratio 1.03

Ratio Trend Falling

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

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📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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