Philip Morris International (PM) implied move — live earnings data
PM options implied move for October 20, 2026 earnings (BMO): ±5.5%. As of October 9, 2026, the options market prices a ±5.5% earnings move for Philip Morris International (PM)'s next report. The implied move — also called the expected move — is derived from live options prices. Below, each report's implied move is compared with what PM actually did on earnings day.
Updated October 9, 2026 · refreshed daily from live options data · methodology
- PM options imply a ±5.5% move for Philip Morris International's October 20, 2026 earnings report (before market open), as of October 9, 2026.
- Philip Morris International (PM) has moved ±5.2% on average at the peak of earnings day over the last 10 years (40 reports).
- On its last report (July 22, 2026) PM options had priced ±5.4% and the stock closed +3.3%.
- Simulator — likelihood of success and risk/reward for the exact straddle, strangle or spread you'd put on, against PM's own 10-year reaction record
- IV Rush Radar — PM's live IV curve vs its typical pre-earnings ramp, with the three snapshot signals and the projected straddle
- DriftLab — PM's follow-through, gap-fill and drift scores for the days after the print
PM implied vs actual earnings moves
Each report: what options priced in beforehand (purple) vs the actual peak intraday move (green when it beat implied, grey when it stayed inside).
PM: recent reports
| Report | Options priced | Close-to-close | Peak intraday | vs implied |
|---|---|---|---|---|
| July 22, 2026 | ±5.4% | +3.3% | +6.2% | beat |
| April 22, 2026 | ±5.3% | +7.0% | +7.5% | beat |
| February 6, 2026 | ±5.1% | +0.4% | +2.5% | inside |
| October 21, 2025 | ±6.4% | -3.8% | -10.0% | beat |
| July 22, 2025 | ±5.0% | -8.4% | -9.8% | beat |
| April 23, 2025 | ±5.7% | +2.4% | +4.6% | inside |
Peak is the largest intraday move on the reaction day; "beat" means the peak move exceeded what options had priced in. The three most recent reports are free; members see the full history.
PM beyond the implied move
The implied move is the size of the move. Three more readings for Philip Morris International, from the same pipeline — the free summary here, the full tools for members.
How PM's earnings moves are distributed
| Percentile | 5th | 20th | Median | 80th | 95th |
|---|---|---|---|---|---|
| Move size | ±1.8% | ±2.6% | ±4.3% | ±6.8% | ±10.9% |
What PM does after the print
The implied move above is the size options price for the report. How the move unfolds afterwards is a separate question, and DriftLab tracks it for Philip Morris International across every past report: the follow-through score (does the earnings-day direction continue or reverse?), the gap-fill probability (how often the opening gap gets filled), the PEAD score (post-earnings drift strength), the reaction path of every release out to sixty sessions, and the current run drawn against the projected drift into the next report. The scores themselves — the part that turns "it moved" into "will it keep going?" — are on the member DriftLab. Read what the metrics mean in the PEAD guide.
What is an implied move?
The implied move is the size of the earnings-day move the options market is pricing in, derived from the at-the-money straddle expiring just after the report. It is a market price, not a forecast. Learn more: how to calculate the implied move, or try the expected move calculator. After the report, options typically reprice sharply — the IV crush calculator shows what an option is worth once implied volatility resets.
Everything on this page is free and refreshes daily. Members get the tools that turn it into a decision.
For PM and every stock on the calendar: beat probability against today's implied move, an IV-crush forecast for the morning after, a straddle simulator for this exact report, and the live IV-rush radar — the same data pipeline behind this page, pointed at your trades.