PM - Options Database

PHILIP MORRIS INTL I

$194.27 +3.31%

(7/22 09:55) ◀

Wednesday, July 22, 2026 (10:00am)

▶ (7/22 14:06)

◀ 7/22 10:00 ▶

Option Volume

Detail

ℹ

Current (07/22 10:00am) 4,605

Calls: 2,842 (62%)

Puts: 1,763 (38%)

Prior (07/17) 1,804

Calls: 1,123 (62%)

Puts: 681 (38%)

Current vs Prior +155.27%

Calls: +153.07% (Calls)

Puts: +158.88% (Puts)

Prior 7-Day Total 44,297

Calls: 22,426 (51%)

Puts: 21,871 (49%)

Prior 7-Day Average 6,328

Calls: 3,203 (51%)

Puts: 3,124 (49%)

Current vs Prior 7-Day Avg -27.23%

Calls: -11.29%

Puts: -43.57%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/22 10:00am) $1.70M

Calls: $1.27M (75%)

Puts: $423.3K (25%)

Prior (07/17) $1.76M

Calls: $1.09M (62%)

Puts: $669.1K (38%)

Current vs Prior -3.25%

Calls: +17.38%

Puts: -36.73%

Prior 7-Day Total $15.75M

Calls: $9.50M (60%)

Puts: $6.26M (40%)

Prior 7-Day Average $2.25M

Calls: $1.36M (60%)

Puts: $894.1K (40%)

Current vs Prior 7-Day Avg -24.54%

Calls: -6.01%

Puts: -52.66%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/22 10:00am) 0.62

Prior (07/17) 0.61

Current vs Prior +2.30%

Prior 7-Day Average 0.89

Current vs Prior 7-Day Avg -30.42%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (07/22 10:00am) 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 3.75% | 5.56%8.06% | 11.17%

Prior 6.11% | 6.90%8.96% | 12.07%

Current vs Prior -38.69% | -19.46%-10.07% | -7.43%

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

Current vs 7-Day Avg -14.72% | -12.38%+42.17% | -2.15%

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

Current vs 7-Day Eod -38.69% | -19.46%-12.44% | -7.88%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 42.38% | 33.52%

Calls: 36.14% | 40.00%

Puts: 48.61% | 27.05%

Prior 19.13% | 11.22%

Calls: 17.32% | 6.80%

Puts: 20.95% | 15.65%

Current vs Prior +121.54% | +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 -2.14% | +77.10%

Liquidity Expensive

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Strong bullish conviction with 75% of dollar volume in calls ($1.27M) vs puts ($423.3K). Unusually high activity with volume up 155% vs prior - elevated interest. Bullish P/C ratio of 0.62.

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
10:00	BULLISH	BULLISH	BULLISH
09:55	BULLISH	BULLISH	BULLISH
09:50	BULLISH	BULLISH	BULLISH
09:45	BULLISH	BULLISH	BULLISH
09:40	BULLISH	BEARISH	BEARISH
09:35	BULLISH	NEUTRAL	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

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Tightest Spreads

💰

Best Value <$1

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High Delta

⚖️

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 4 of results (avg 8.1%, best 6.3%)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Jul 24	33.70	35.90	$34.80	6.3%	--	1.00	11
$160.00	Aug 21	34.00	37.00	$35.50	8.5%	--	0.93	36
$165.00	Aug 21	29.10	31.80	$30.45	8.9%	--	0.91	30

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Jul 24	34.10	37.20	$35.65	8.7%	1	0.92	--

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 0.77, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Jul 24	33.70	35.90	$34.80	6.3%	--	1.00	11
$170.00	Jul 24	22.90	26.10	$24.50	13.1%	--	1.00	26
$175.00	Jul 24	18.00	20.90	$19.45	14.9%	1	0.98	62
$177.50	Jul 24	15.60	19.10	$17.35	20.2%	--	0.97	19
$180.00	Jul 24	13.10	16.00	$14.55	19.9%	23	0.96	211

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$207.50	Jul 24	12.00	14.90	$13.45	21.6%	2	1.00	--
$210.00	Jul 24	14.70	17.30	$16.00	16.3%	2	1.00	10
$212.50	Jul 24	16.60	19.70	$18.15	17.1%	--	1.00	10
$230.00	Jul 24	34.10	37.20	$35.65	8.7%	1	0.92	--
$202.50	Jul 24	6.80	10.40	$8.60	41.9%	--	0.88	15

Most actively traded options today. High liquidity = easy entry/exit. 96 active (total vol 3.6K, top 1.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Jul 24	1.10	1.25	$1.18	12.7%	1.1K	0.27	507
$195.00	Jul 24	2.45	4.30	$3.38	54.7%	123	0.52	389
$190.00	Aug 28	9.50	11.00	$10.25	14.6%	102	0.61	74
$185.00	Jul 31	9.50	12.60	$11.05	28.1%	101	0.77	132
$205.00	Jul 24	0.15	0.70	$0.43	127.9%	93	0.11	420

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$180.00	Jul 24	0.15	0.25	$0.20	50.0%	336	0.05	1.1K
$177.50	Jul 24	0.10	0.20	$0.15	66.7%	282	0.04	1.3K
$175.00	Jul 24	0.05	0.15	$0.10	100.0%	128	0.03	529
$170.00	Aug 21	0.75	1.20	$0.98	45.9%	123	0.10	546
$172.50	Jul 24	0.00	0.10	$0.05	200.0%	71	0.01	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 74.8%, max 132.2%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Jul 24	Aug 21	100.0%	43.1%	132.2%	--	47
$220.00	Jul 24	Aug 28	75.4%	35.6%	112.1%	1	30
$175.00	Jul 24	Aug 21	73.9%	35.5%	108.4%	3	525
$225.00	Jul 24	Aug 21	72.6%	35.6%	104.2%	2	63
$182.50	Jul 24	Aug 7	67.9%	34.5%	96.9%	19	112

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Jul 24	Aug 28	100.0%	43.5%	130.0%	--	79
$165.00	Jul 24	Aug 28	85.8%	39.4%	118.1%	3	704
$175.00	Jul 24	Aug 21	73.9%	35.5%	108.4%	135	3.4K
$177.50	Jul 24	Aug 21	68.0%	34.3%	97.9%	283	1.4K
$185.00	Jul 24	Aug 21	62.5%	32.4%	92.6%	38	844

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 85 found (best R:R 49.00, avg 7.08)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$212.50	$230.00	Aug 7	$0.35	$17.15	$0.35	49.00	$212.85
$205.00	$210.00	Jul 31	$0.16	$4.84	$0.16	30.25	$205.16
$205.00	$207.50	Jul 24	$0.13	$2.37	$0.13	18.23	$205.13
$200.00	$202.50	Jul 31	$0.13	$2.37	$0.13	18.23	$200.13
$220.00	$225.00	Aug 21	$0.27	$4.73	$0.27	17.52	$220.27

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$170.00	$160.00	Aug 14	$0.22	$9.78	$0.22	44.45	$169.78
$165.00	$160.00	Aug 28	$0.12	$4.88	$0.12	40.67	$164.88
$170.00	$165.00	Aug 7	$0.15	$4.85	$0.15	32.33	$169.85
$175.00	$170.00	Aug 14	$0.15	$4.85	$0.15	32.33	$174.85
$185.00	$182.50	Jul 24	$0.15	$2.35	$0.15	15.67	$184.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 109 found (best R:R 32.33, avg 1.78)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$165.00	$180.00	Jul 31	$13.95	$13.95	$1.05	13.29	$178.95
$182.50	$185.00	Jul 24	$2.30	$2.30	$0.20	11.50	$184.80
$170.00	$175.00	Aug 21	$4.60	$4.60	$0.40	11.50	$174.60
$180.00	$182.50	Jul 24	$2.25	$2.25	$0.25	9.00	$182.25
$165.00	$170.00	Aug 21	$4.35	$4.35	$0.65	6.69	$169.35

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$207.50	$202.50	Jul 24	$4.85	$4.85	$0.15	32.33	$202.65
$212.50	$210.00	Jul 24	$2.15	$2.15	$0.35	6.14	$210.35
$215.00	$197.50	Jul 31	$14.25	$14.25	$3.25	4.38	$200.75
$197.50	$195.00	Jul 24	$2.02	$2.02	$0.48	4.21	$195.48
$200.00	$197.50	Jul 24	$1.85	$1.85	$0.65	2.85	$198.15

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 38 found (avg debit $1.14, cheapest $0.13)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$230.00	Aug 7	Aug 21	$0.13	59.7%	44.9%
$160.00	Jul 24	Aug 21	$0.70	100.0%	43.1%
$225.00	Jul 24	Aug 21	$0.70	72.6%	35.6%
$165.00	Jul 31	Aug 21	$0.75	66.6%	43.1%
$182.50	Jul 24	Jul 31	$0.80	67.9%	47.1%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$172.50	Jul 24	Jul 31	$0.30	71.4%	47.9%
$175.00	Jul 24	Jul 31	$0.43	73.9%	47.6%
$170.00	Jul 24	Jul 31	$0.45	72.1%	56.2%
$177.50	Jul 24	Jul 31	$0.45	68.0%	44.1%
$165.00	Jul 24	Jul 31	$0.47	85.8%	66.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 47 found (cheapest 3.27% of stock, avg 8.17%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$192.50	Jul 24	$4.15	$2.20	$6.35	$186.15	$198.85	3.27%
$195.00	Jul 24	$3.38	$3.13	$6.51	$188.49	$201.51	3.35%
$197.50	Jul 24	$1.98	$5.15	$7.13	$190.37	$204.63	3.67%
$190.00	Jul 24	$5.80	$1.43	$7.23	$182.77	$197.23	3.72%
$200.00	Jul 24	$1.18	$7.00	$8.18	$191.82	$208.18	4.21%
$187.50	Jul 24	$8.30	$0.93	$9.23	$178.27	$196.73	4.75%
$192.50	Jul 31	$5.75	$3.50	$9.25	$183.25	$201.75	4.76%
$202.50	Jul 24	$0.78	$8.60	$9.38	$193.12	$211.88	4.83%
$195.00	Jul 31	$4.65	$5.05	$9.70	$185.30	$204.70	4.99%
$197.50	Jul 31	$3.65	$6.55	$10.20	$187.30	$207.70	5.25%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 136 found (cheapest 0.49% of stock, avg 3.11%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$207.50	$185.00	Jul 24	$0.30	$0.65	$0.95	$184.05	$208.45
$205.00	$185.00	Jul 24	$0.43	$0.65	$1.08	$183.92	$206.08
$207.50	$187.50	Jul 24	$0.30	$0.93	$1.23	$186.27	$208.73
$205.00	$187.50	Jul 24	$0.43	$0.93	$1.36	$186.14	$206.36
$202.50	$185.00	Jul 24	$0.78	$0.65	$1.43	$183.57	$203.93
$202.50	$187.50	Jul 24	$0.78	$0.93	$1.71	$185.79	$204.21
$207.50	$190.00	Jul 24	$0.30	$1.43	$1.73	$188.27	$209.23
$200.00	$185.00	Jul 24	$1.18	$0.65	$1.83	$183.17	$201.83
$205.00	$190.00	Jul 24	$0.43	$1.43	$1.86	$188.14	$206.86
$200.00	$187.50	Jul 24	$1.18	$0.93	$2.11	$185.39	$202.11

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 164 found (best R:R 18.23, avg credit $2.18)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
178/180	182/185	Aug 7	$2.37	$0.13	18.23	$177.63	$184.87
160/165	175/180	Aug 21	$4.73	$0.27	17.52	$160.27	$179.73
188/190	198/200	Jul 31	$2.32	$0.18	12.89	$187.68	$199.82
178/180	182/185	Jul 31	$2.30	$0.20	11.50	$177.70	$184.80
178/180	190/192	Jul 31	$2.30	$0.20	11.50	$177.70	$192.30
188/190	192/195	Jul 31	$2.30	$0.20	11.50	$187.70	$194.80
185/188	192/195	Aug 21	$2.27	$0.23	9.87	$185.23	$194.77
170/175	180/185	Aug 21	$4.52	$0.48	9.42	$170.48	$184.52
175/180	185/190	Aug 14	$4.50	$0.50	9.00	$175.50	$189.50
188/190	192/195	Aug 21	$2.25	$0.25	9.00	$187.75	$194.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 59 found (best R:R 34.71, cheapest $0.07)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$215.00	$217.50	$220.00	Jul 24	$0.07	$2.43	34.71
$180.00	$185.00	$190.00	Aug 14	$0.15	$4.85	32.33
$182.50	$185.00	$187.50	Jul 31	$0.10	$2.40	24.00
$192.50	$195.00	$197.50	Jul 31	$0.10	$2.40	24.00
$200.00	$205.00	$210.00	Aug 14	$0.21	$4.79	22.81

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$182.50	$185.00	$187.50	Jul 24	$0.13	$2.37	18.23
$180.00	$182.50	$185.00	Jul 31	$0.13	$2.37	18.23
$190.00	$192.50	$195.00	Jul 24	$0.16	$2.34	14.63
$165.00	$170.00	$175.00	Aug 7	$0.35	$4.65	13.29
$175.00	$177.50	$180.00	Jul 31	$0.18	$2.32	12.89

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 91 found (best net $-0.65, 85 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$212.50	$230.00	1:2	Aug 7	-$0.75	$16.75
$165.00	$180.00	1:2	Jul 31	-$1.80	$13.20
$210.00	$220.00	1:2	Aug 28	-$0.66	$9.34
$215.00	$220.00	1:2	Aug 21	-$0.25	$4.75
$220.00	$225.00	1:2	Aug 21	-$0.46	$4.54

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$230.00	$212.50	1:2	Jul 24	-$0.65	$16.85
$170.00	$160.00	1:2	Aug 14	-$1.01	$8.99
$165.00	$160.00	1:2	Aug 21	-$0.12	$4.88
$175.00	$170.00	1:2	Aug 7	-$0.30	$4.70
$170.00	$165.00	1:2	Aug 28	-$0.34	$4.66

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 35 found (best yield 3.45%, avg 1.13%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$195.00	Aug 28	$6.70	0.50	0.4%	3.45%	3.82%	50	10
$195.00	Aug 21	$5.90	0.50	0.4%	3.04%	3.41%	8	923
$195.00	Aug 14	$5.30	0.50	0.4%	2.73%	3.10%	--	19
$197.50	Aug 21	$4.90	0.45	1.7%	2.52%	4.18%	12	19
$195.00	Aug 7	$4.70	0.49	0.4%	2.42%	2.80%	61	74
$200.00	Aug 28	$4.70	0.42	3.0%	2.42%	5.37%	1	6
$200.00	Aug 21	$4.00	0.40	3.0%	2.06%	5.01%	11	1.7K
$195.00	Jul 31	$3.80	0.49	0.4%	1.96%	2.33%	14	106
$197.50	Aug 7	$3.60	0.43	1.7%	1.85%	3.52%	--	41
$200.00	Aug 14	$3.10	0.39	3.0%	1.60%	4.55%	--	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 2,842

Total Puts 1,763

Put/Call Ratio 0.62

Net Difference 1,079

Prior's Put/Call Breakdown

Total Calls 1,123

Total Puts 681

Put/Call Ratio 0.61

Net Difference 442

Prior 7-Day Put/Call Summary

Total Calls 22,426

Total Puts 21,871

Average Put/Call Ratio 0.89

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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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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