Philip Morris Internation... (PM)
NYSE: PM
· Real-Time Price · USD
166.11
-1.79 (-1.07%)
At close: Sep 12, 2025, 3:59 PM
167.20
0.66%
After-hours: Sep 12, 2025, 07:37 PM EDT
PM Delta Exposure By Expiry
The total Delta Exposure (DEX) for PM across all expirations shows 4,470,426.49 net shares that market makers must hedge, with 9,019,071.81 from calls and 4,548,645.32 from puts. The put-call delta ratio of 0.50 suggests neutral market maker positioning.
PM DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 2,292,991.76 | -993,143.72 | 1,299,848.04 | 0.43 |
| Sep 26, 25 | 43,987.47 | -40,464.44 | 3,523.03 | 0.92 |
| Oct 3, 25 | 20,897.69 | -13,771.28 | 7,126.41 | 0.66 |
| Oct 10, 25 | 8,059.03 | -8,423.75 | -364.72 | 1.05 |
| Oct 17, 25 | 582,950.69 | -625,969.33 | -43,018.64 | 1.07 |
| Oct 24, 25 | 9,536.09 | -6,540.04 | 2,996.05 | 0.69 |
| Oct 31, 25 | 52.96 | -140.03 | -87.07 | 2.64 |
| Nov 21, 25 | 605,128.15 | -487,015.42 | 118,112.73 | 0.80 |
| Dec 19, 25 | 524,834.99 | -502,450.08 | 22,384.91 | 0.96 |
| Jan 16, 26 | 2,667,601.05 | -894,453.73 | 1,773,147.32 | 0.34 |
| Mar 20, 26 | 499,196.19 | -382,192.19 | 117,004 | 0.77 |
| Jun 18, 26 | 530,294.41 | -391,069.25 | 139,225.16 | 0.74 |
| Sep 18, 26 | 126,042.78 | -69,925.4 | 56,117.38 | 0.55 |
| Nov 20, 26 | 11,408.7 | -12,487.25 | -1,078.55 | 1.09 |
| Dec 18, 26 | 24,627.07 | -9,071.75 | 15,555.32 | 0.37 |
| Jan 15, 27 | 1,071,462.78 | -111,527.66 | 959,935.12 | 0.10 |