PM / Philip Morris International Inc. - Put/Call Ratio, Options Sentiment, Unusual Options Activity

Put/Call Ratios - Forward Looking and Historical

By looking at the put/call ratios of specific expirations, we can deduce what the options markets think of the short, medium, and long-term outlook of the company.

Expiry	DTX	Open Put Interest	Open Call Interest	Put/Call Ratio
2025-09-12	2	3,311
2025-09-19	9	31,956
2025-09-26	16	441
2025-10-03	23	232
2025-10-10	30	83
2025-10-17	37	13,334
2025-10-24	44	98
2025-11-21	72	7,413
2025-12-19	100	9,356
2026-01-16	128	27,524
2026-03-20	191	8,592
2026-06-18	281	5,928
2026-09-18	373	1,193
2026-11-20	436	333
2026-12-18	464	131
2027-01-15	492	3,973

Date	Put OI	Put OI (OTM)	Call OI	Call OI (OTM)	Put/Call Ratio	Put/Call Ratio (OTM)
2025-09-09	117,213	90,119
2025-09-08	116,268	86,958
2025-09-05	120,872	72,756
2025-09-04	119,627	71,310
2025-09-03	117,233	84,235
2025-09-02	115,262	93,678
2025-08-29	114,707	92,738
2025-08-28	113,595	83,674
2025-08-27	112,875	80,901
2025-08-26	110,737	88,854
2025-08-25	107,643	86,935
2025-08-22	106,495	86,722
2025-08-21	104,851	90,554
2025-08-20	104,114	90,084
2025-08-19	103,221	84,048
2025-08-18	101,224	76,797
2025-08-15	114,086	81,541
2025-08-14	113,860	81,165
2025-08-13	113,766	80,805
2025-08-12	112,051	85,944

Unusual Options Activity - Trade Volume

The Put/Call Ratio shows the total number of disclosed open put option positions divided by the number of open call option options. Since puts are generally a bearish bet and calls are a bullish bet, put/call ratios greater than 1 indicate a bearish sentiment, and ratios less than one indicate a bullish sentiment.

Unusual options activity (UOA) is generally considered a strong signal for a directional price movement. One metric of unusual options activity is the total volume of put or call options divided by the open interest in the same option type. If the total volume of call or put options exceeds the current open interest, then that is considered unusual and indicates a strong directional signal. In the table below, any date on which the volume of an option exceeds the current open interest is highlighted in green (for call options) or red (for put options).

For example, if, on any trading day, the call volume exceeds the current call open interest, then the Call Volume/Call OI ratio will be greater than one and that cell in the able will be highlighted in green. This would indicate a significant purchase of call options, which is a bullish signal. Likewise, if the opposite is true - the put volume exceeds the put open interest, then the table cell would be highlighted in red and represent a strong bearish signal.

Update Frequency: Daily

Date	Put Volume	Put OI	Put Volume /Put OI	Call Volume	Call OI	Call Volume /Call OI
2025-09-09	2,752	117,213		4,002	128,265
2025-09-08	2,501	116,268		4,246	126,991
2025-09-05	5,914	120,872		2,722	131,138
2025-09-04	11,811	119,627		6,141	130,117
2025-09-03	7,030	117,233		6,379	128,465
2025-09-02	4,816	115,262		4,323	127,231
2025-08-29	4,258	114,707		3,757	135,153
2025-08-28	6,092	113,595		5,776	133,326
2025-08-27	2,193	112,875		3,495	131,886
2025-08-26	3,822	110,737		4,434	130,703
2025-08-25	7,746	107,643		6,391	131,228
2025-08-22	5,923	106,495		4,637	134,876
2025-08-21	3,010	104,851		11,162	127,610
2025-08-20	2,708	104,114		6,734	127,019
2025-08-19	2,008	103,221		4,429	125,602
2025-08-18	2,857	101,224		3,773	123,783
2025-08-15	5,853	114,086		8,499	150,233
2025-08-14	3,101	113,860		4,382	147,927
2025-08-13	3,096	113,766		5,615	146,308
2025-08-12	3,143	112,051		4,658	144,530
2025-08-11	3,706	110,740		6,061	143,021
2025-08-08	4,074	113,233		8,343	144,529
2025-08-07	3,002	112,288		3,918	143,429
2025-08-06	3,101	111,350		8,922	142,342
2025-08-05	3,112	110,359		2,113	141,937

Option Premium Bought/Sold - Total Market

Update Frequency: Daily

Option Greeks - Delta, Gamma, Theta

Update Frequency: Daily

Option Trading Volume - Total Market

Update Frequency: Daily

Option Trading Volume - Exchange

Update Frequency: Daily