BTI Options
British American Tobacco Options Chain, Implied Volatility & Greeks
Comprehensive options market data for British American Tobacco (BTI). Explore implied volatility patterns, options chain liquidity, gamma exposure levels, and key market metrics.
BTI Options at a Glance
What's Covered in This Guide
1 About British American Tobacco (BTI)
British American Tobacco trades on NYSE. Options on BTI are actively traded by retail and institutional investors.
Company Profile
Key Dates
BTI is an actively traded options name in the Tobacco space.
2 BTI Options Market Overview
BTI options offer moderate liquidity for traders seeking exposure to Tobacco.
Liquidity Assessment: Moderate
BTI options provide moderate liquidity for most trading strategies.
3 BTI Volatility Profile
BTI implied volatility reflects market expectations for British American Tobacco price movement.
Earnings Impact
IV typically increases before earnings and contracts afterward (IV crush).
Historical Volatility vs IV
Compare IV to historical volatility to assess option pricing relative to realized moves.
Term Structure
Term structure varies with market conditions and upcoming events.
BTI Gamma Exposure (GEX)
Gamma Exposure (GEX) analysis for BTI shows how dealer hedging may impact price behavior.
Typical GEX Profile: GEX profile varies based on market conditions and option positioning.
Key Levels: Major put and call walls at round number strikes may act as support/resistance.
Dealer Hedging: Dealer hedging activity can influence price behavior at key gamma levels.
4 Common BTI Options Strategies
These are strategies commonly used by traders on BTI options, based on typical market characteristics. This is not investment advice.
Used by BTI traders for directional exposure. Moderate liquidity supports efficient execution.
Used by BTI traders for volatility exposure. Moderate liquidity supports efficient execution.
Used by BTI traders for neutral exposure. Moderate liquidity supports efficient execution.
Used by BTI traders for income exposure. Moderate liquidity supports efficient execution.
Used by BTI traders for volatility exposure. Moderate liquidity supports efficient execution.
Key Considerations for BTI Options
- BTI options liquidity: Moderate - affects execution quality
- IV range: 25% - 60% - important for premium selling strategies
- Earnings events can significantly impact IV and option prices
- Consider position sizing based on underlying volatility
- Weekly options available for short-term strategies
- LEAPS available for longer-term positioning
Frequently Asked Questions: BTI Options
What are BTI options?
BTI options are derivative contracts that give you the right to buy (call) or sell (put) British American Tobacco shares at a specific price before expiration.
How do I analyze BTI implied volatility?
BTI IV typically ranges from 25% - 35% during quiet periods to 48% - 60% around earnings and major events. Compare current IV to historical ranges to assess relative value.
What is the typical bid-ask spread for BTI options?
BTI options have moderate liquidity with typical spreads varying by strike and expiration. ATM options generally have tighter spreads.
When does BTI report earnings?
British American Tobacco typically reports earnings quarterly. Check the earnings calendar for exact dates as IV tends to increase before announcements.
What strategies work best for BTI options?
Popular BTI strategies include vertical spreads, straddles, and iron condors. Strategy selection depends on market outlook and risk tolerance.
What is the best time to trade BTI options?
The most liquid trading hours for BTI options are typically during regular market hours (9:30 AM - 4:00 PM ET), with highest volume around market open and close.
How do I calculate BTI option Greeks?
Use our free Options Calculator or Greeks Heatmap tool to calculate delta, gamma, theta, vega and other Greeks for BTI options across all strikes and expirations.
What happens to BTI options at expiration?
In-the-money BTI options are typically auto-exercised at expiration. Out-of-the-money options expire worthless. Consider closing positions before expiration to avoid assignment risk.
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BTI Analytics
BTI Key Events
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