Philip Morris International (PM) Protective Put Calculator
Calculator · free · no signup · PMPrice a protective put, zero-cost collar, or put spread on Philip Morris International. Annual cost, max loss, upside cap, tax treatment, auto-filled from current PM option chain.
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About Philip Morris International
Philip Morris International (PM) is a public Consumer Staples company, incorporated in Virginia and headquartered in Stamford, CT.
Last close: $187.62 per share (as of 2026-08-19).
Equity grants at Philip Morris International typically include restricted stock units (RSUs).
Philip Morris International Inc. (PMI) is a tobacco company, with products sold in over 180 countries. Marlboro is PMI’s most recognized brand, but in the last quarter of 2023, Iqos generated the greatest revenue. Philip Morris International is often referred to as one of the companies comprising Big Tobacco. The company ranked No. 121 in the 2025 Fortune 500 list of the largest US corporations by total revenue.
Source: Wikipedia (CC BY-SA 4.0)
Altria separated its international tobacco business in 2008, giving this company the rights to Marlboro everywhere outside the United States. It has invested more aggressively than any peer in replacing cigarettes, and IQOS heated tobacco plus the ZYN nicotine pouch acquisition now generate a large and growing share of revenue. The stated ambition is a majority smoke-free business, which is a genuine reallocation rather than a marketing position. Currency movements materially affect reported results given the geographic mix. Headquarters are in Stamford, Connecticut.
Sources: sec.gov · en.wikipedia.org
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Philip Morris International.
A protective put caps your downside on the PM position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current PM option chain, with annual cost, max loss, and tax-treatment notes.
Example: a 5,000-share PM position at $187.62 is worth $938,100. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $18,762 to $37,524) before any premium offset from a short call. The calculator prices both structures off PM's current option chain so you see the actual cost for your chosen floor, tenor, and cap.
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Philip Morris International equity questions
- How much does it cost to hedge PM stock?
- The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and PM's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current PM option chain and shows the annual cost, maximum loss, and tax treatment.
- Does Philip Morris International grant ISOs, NSOs, or RSUs?
- Equity compensation at Philip Morris International typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
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