Philip Morris shares a $1.00 to $54.75 after the company raises its quarterly dividend by 10.38% 64c a share. Option volume is running 3.5x the daily average with the notable trade being in the October $52.50/$55 spread. This looks like a bearish r/r (calls sold and puts bought) but could be a collar against long stock as someone might have jumped on news to lock in some profits ahead of the October 7 ex-date.