HCA Healthcare (HCA) Options Chain

NYSE: HCAHealth CareHospital/Nursing ManagementUSD

451.09+6.08 (+1.37%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $451.09
Put/call ratio (OI): 0.94
Put/call ratio (volume): 2.12
ATM implied volatility: 32.8%
Expected move: ±$167.77
Open interest (C / P): 1.68K / 1.59K

HCA options summary

The HCA options chain for the January 21, 2028 expiration lists 50 call and 42 put contracts, with 468 days until expiration. Open interest stands at 1,684 calls and 1,586 puts, a put/call ratio of 0.94, which is fairly balanced between calls and puts. At-the-money implied volatility near the $450.00 strike is 32.8%, which implies the market expects a move of about ±$167.77 (37.2%) in HCA Healthcare stock by expiration.

The most open interest sits at the $540.00 call (313 contracts) and the $360.00 put (272 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

HCA options chain · January 21, 2028

HCA calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
4	1	60.9%	261.80	272.50	277.50	185.00	0.00	3.40	2.00	48.5%	1	6
0	1	—	225.50	0.00	0.00	190.00	0.00	0.00	1.00	12.5%	—	0
0	1	—	225.50	0.00	0.00	195.00	0.20	3.50	2.10	46.2%	5	5
0	1	58.3%	260.80	259.00	263.40	200.00	0.85	4.00	3.52	46.3%	20	30
0	2	—	218.50	0.00	0.00	210.00	1.50	4.40	5.70	44.8%	2	6
0	2	—	210.00	0.00	0.00	220.00	1.05	4.00	3.50	41.5%	1	11
0	1	—	191.00	0.00	0.00	230.00	2.90	5.50	8.00	42.3%	15	21
0	1	—	188.50	0.00	0.00	240.00	3.50	7.40	7.55	43.3%	1	2
0	1	—	183.50	0.00	0.00	250.00	2.50	6.40	5.20	39.4%	6	11
0	—	—	168.01	0.00	0.00	260.00	13.00	17.50	8.00	51.0%	1	1
0	—	—	164.50	0.00	0.00	270.00	3.60	8.00	6.16	37.4%	1	1
18	1	50.1%	161.30	189.00	193.20	280.00	4.60	8.50	8.25	35.9%	1	7
13	1	49.0%	137.00	181.00	184.90	290.00	5.60	10.00	10.97	35.6%	1	113
21	4	48.1%	156.30	172.50	177.00	300.00	7.20	11.00	10.38	34.6%	2	43
13	2	47.1%	121.25	164.50	169.00	310.00	8.40	12.50	13.70	34.0%	2	9
3	2	46.1%	139.50	156.50	161.00	320.00	10.60	14.00	17.50	33.3%	22	19
21	2	45.0%	136.98	149.00	153.00	330.00	11.50	15.50	15.50	32.5%	12	15
11	1	44.3%	125.20	141.50	145.80	340.00	13.50	17.50	17.80	32.0%	1	40
14	1	42.9%	127.75	134.00	137.50	350.00	16.00	20.00	24.00	31.7%	10	47
46	1	42.8%	125.50	127.00	131.30	360.00	18.00	22.00	33.92	30.9%	8	272
31	1	41.5%	118.95	120.00	123.50	370.00	21.00	25.00	32.16	30.7%	18	267
47	2	41.0%	100.00	113.50	117.00	380.00	53.50	58.00	63.90	48.1%	1	229
57	2	40.7%	93.50	107.00	111.00	390.00	0.00	0.00	44.00	3.1%	12	0
70	1	40.0%	95.60	101.00	104.50	400.00	30.50	34.00	37.65	29.2%	1	160
89	7	39.5%	80.90	95.00	98.50	410.00	34.00	38.00	47.00	29.0%	1	21
22	4	39.1%	80.90	89.00	93.00	420.00	38.00	41.70	41.27	28.5%	15	68
19	2	38.7%	83.70	83.50	87.50	430.00	42.00	46.00	45.57	28.2%	18	47
31	1	38.4%	72.30	78.50	82.50	440.00	47.10	50.50	50.27	27.9%	15	42
128	1	38.0%	67.00	73.50	77.50	450.00	51.50	55.50	55.07	27.6%	18	21
HCA $451.09
31	1	37.6%	65.08	68.50	72.50	460.00	56.50	60.50	63.06	27.3%	1	10
23	1	37.3%	63.30	64.00	68.00	470.00	62.00	65.50	68.79	26.8%	1	3
25	3	37.1%	52.14	60.00	64.00	480.00	0.00	0.00	42.50	—	—	0
195	1	36.9%	40.00	55.50	60.00	490.00	0.00	0.00	52.75	—	—	0
83	1	36.6%	54.00	52.00	56.00	500.00	70.50	74.60	57.20	21.5%	31	29
69	1	35.9%	43.00	44.50	48.50	520.00	0.00	0.00	130.66	—	1	0
313	1	35.6%	32.86	38.50	42.40	540.00	92.50	97.00	76.70	16.4%	4	25
38	1	35.3%	30.65	32.50	37.00	560.00	0.00	0.00	84.49	—	1	0
36	1	35.0%	28.00	28.00	32.00	580.00	136.50	140.50	155.85	22.9%	1	5
35	4	34.6%	22.80	23.50	27.50	600.00	—	—	—	—	—	—
65	15	34.5%	20.50	19.50	24.00	620.00	256.50	261.50	191.00	68.6%	1	0
23	1	34.1%	18.00	16.50	20.50	640.00	—	—	—	—	—	—
53	1	34.0%	15.50	13.50	17.80	660.00	0.00	0.00	143.12	—	1	0
15	3	34.0%	13.50	11.00	15.50	680.00	—	—	—	—	—	—
8	2	34.0%	10.00	10.40	13.50	700.00	—	—	—	—	—	—
2	1	34.1%	8.22	7.80	12.00	720.00	—	—	—	—	—	—
2	1	34.1%	9.00	6.00	10.50	740.00	286.50	291.50	312.71	25.1%	2	0
1	1	31.4%	7.50	3.10	6.50	760.00	—	—	—	—	—	—
8	2	41.5%	27.50	11.50	16.50	780.00	416.50	421.00	303.00	82.3%	1	0
0	2	12.5%	5.23	0.00	0.00	800.00	—	—	—	—	—	—
1	30	32.3%	5.23	1.30	4.70	820.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the HCA put/call ratio?

For the January 21, 2028 expiration, the HCA put/call ratio based on open interest is 0.94 (1,586 puts vs 1,684 calls), and 2.12 based on today's volume. A ratio above 1 means more puts than calls.

What is HCA's implied volatility?

At-the-money implied volatility for HCA options expiring January 21, 2028 is about 32.8%, an annualized estimate of how much the market expects HCA Healthcare stock to move.

How many HCA option expiration dates are there?

HCA has 9 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.