British American Tobacco p.l.c. (BTI) Options Statistics & Positioning

British American Tobacco p.l.c. (BTI) options trade at a 30-day at-the-money implied volatility of 22.6%, an IV rank of 3 out of 100 over the past year. The options market prices a ±$3.35 (±5.9%) move in BTI for the front expiration. Max pain sits at $55 and the put/call open interest ratio is 0.39. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$56.70

52-week range

$50.39 – $66.77

ATM IV (30d)

22.6%

IV rank

3 / 100

Low

Expected move

±$3.35 (±5.9%)

Put/call OI

0.39

Call-heavy

Max pain

$55

↓ 3.0% below close

Most Active BTI Contracts

Contract	Expiration	DTE	Last	IV	Volume
BTI $55 call	Dec 18, 2026	116d	$4.00	24.6%	304
BTI $60 call	Sep 18, 2026	25d	$0.33	22.6%	248
BTI $60 call	Oct 16, 2026	53d	$0.82	23.4%	177
BTI $65 call	Dec 18, 2026	116d	$0.75	—	154
BTI $55 put	Sep 18, 2026	25d	$0.70	24.1%	92

See all active BTI contracts →

Explore BTI Options Statistics

BTI Implied Volatility

22.6% ATM IV (30d)

An IV rank of 3 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

BTI Open Interest

0.39 put/call OI ratio

59,994 calls and 23,463 puts outstanding across all expirations.

Full open interest analysis →

BTI Max Pain

$55 max pain

3.0% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

BTI Gamma Exposure

$36.69M net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

BTI Options Volume

1,667 contracts traded

Put/call volume ratio 0.20 — plus contracts running far above their usual volume.

Full volume & flow analysis →

BTI Most Active Options

$60 top volume strike

The 25 most actively traded BTI contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Explore the payoff profile of option on BTI for free

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BTI Options FAQ

How often is BTI options data on this page updated?

All BTI statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see BTI max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated BTI pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.