Tenet Healthcare (THC) Options Chain

NYSE: THCHealth CareHospital/Nursing ManagementUSD

263.78+3.21 (+1.23%)

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

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $263.78
Put/call ratio (OI): 0.74
Put/call ratio (volume): 0.81
ATM implied volatility: 50.7%
Expected move: ±$57.77
Open interest (C / P): 906 / 667

THC options summary

The THC options chain for the December 18, 2026 expiration lists 48 call and 43 put contracts, with 68 days until expiration. Open interest stands at 906 calls and 667 puts, a put/call ratio of 0.74, which is fairly balanced between calls and puts. At-the-money implied volatility near the $260.00 strike is 50.7%, which implies the market expects a move of about ±$57.77 (21.9%) in Tenet Healthcare stock by expiration.

The most open interest sits at the $270.00 call (234 contracts) and the $270.00 put (142 contracts).

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

THC options chain · December 18, 2026

THC 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
—	—	—	—	—	—	40.00	0.00	0.00	0.80	50.0%	1	2
3	1	191.9%	218.45	217.10	221.50	45.00	0.05	5.00	1.24	254.7%	4	5
8	1	191.0%	215.95	214.80	219.00	47.50	0.55	5.00	1.54	252.0%	—	4
21	4	—	148.00	112.00	116.40	50.00	0.00	5.00	1.50	238.8%	1	3
3	1	—	159.50	153.00	158.00	55.00	0.00	2.40	1.25	195.0%	—	6
—	—	—	—	—	—	60.00	0.00	3.10	1.50	193.2%	1	5
4	1	—	107.62	126.50	130.60	65.00	4.50	9.50	8.43	261.4%	1	1
7	1	—	126.08	92.90	97.20	70.00	—	—	—	—	—	—
0	1	—	39.70	46.60	51.50	72.50	—	—	—	—	—	—
9	3	—	119.10	154.00	158.00	75.00	0.00	2.15	1.40	154.5%	81	83
9	7	—	95.95	68.50	71.60	80.00	—	—	—	—	—	—
19	10	—	70.95	54.50	58.30	85.00	0.00	0.00	0.76	50.0%	1	0
—	—	—	—	—	—	87.50	0.00	3.40	2.05	148.7%	—	0
13	2	—	90.30	90.10	94.50	90.00	0.05	1.00	1.70	118.8%	20	72
20	20	—	51.60	64.00	69.00	92.50	—	—	—	—	—	—
—	—	—	—	—	—	95.00	0.00	3.20	1.69	136.8%	—	3
7	7	—	48.50	59.20	63.00	97.50	—	—	—	—	—	—
4	10	—	51.78	39.50	44.50	100.00	—	—	—	—	—	—
1	1	—	64.00	74.00	79.00	105.00	—	—	—	—	—	—
0	30	—	37.48	0.00	0.00	110.00	0.00	1.15	1.00	99.4%	1	9
15	2	—	52.68	93.50	98.00	115.00	0.65	3.20	2.00	117.8%	—	1
0	6	—	144.00	0.00	0.00	120.00	5.00	8.40	4.22	153.6%	2	1
4	1	—	31.30	58.80	63.00	125.00	0.00	0.75	0.95	80.7%	10	4
29	1	—	79.50	72.30	75.50	130.00	1.35	5.60	5.00	117.3%	3	6
11	2	—	64.01	104.20	108.00	135.00	—	—	—	—	—	—
0	2	—	128.68	0.00	0.00	140.00	0.00	0.00	0.40	25.0%	2	0
2	2	—	35.90	53.70	57.20	145.00	0.00	0.00	0.35	25.0%	1	0
4	20	168.0%	94.66	129.40	133.40	150.00	0.00	1.90	1.05	73.1%	1	29
0	1	78.2%	109.10	109.00	112.00	155.00	0.00	2.45	0.34	72.9%	5	8
18	10	—	37.88	48.50	52.30	160.00	0.20	1.25	9.50	62.6%	1	27
2	1	—	53.30	41.50	45.50	165.00	6.30	9.60	11.45	107.6%	2	10
4	1	84.9%	81.49	96.40	100.00	170.00	0.00	2.70	1.00	63.2%	1	32
8	3	83.4%	77.54	92.20	95.30	175.00	0.15	2.80	1.05	60.9%	1	31
11	1	133.3%	40.00	100.90	104.40	180.00	0.90	2.55	12.50	59.5%	1	16
8	3	129.1%	25.30	96.60	99.80	185.00	1.10	3.80	12.13	61.0%	1	5
6	4	—	24.11	13.00	15.70	190.00	0.75	4.20	15.71	57.5%	2	1
20	2	58.1%	64.70	70.10	73.90	195.00	0.15	3.60	2.65	50.2%	1	9
32	1	55.9%	66.30	65.60	69.00	200.00	0.55	3.80	2.40	57.2%	1	3
17	2	107.6%	24.45	73.90	77.50	210.00	1.40	4.60	3.40	53.0%	1	8
11	1	50.8%	48.10	48.20	51.60	220.00	2.80	6.40	5.50	51.7%	4	10
21	9	54.9%	59.85	40.30	44.10	230.00	4.80	8.30	6.70	49.2%	1	6
52	2	53.2%	38.10	33.00	37.00	240.00	7.70	11.00	11.39	47.6%	1	12
38	1	50.7%	29.55	26.80	30.10	250.00	11.20	14.40	17.50	46.2%	4	76
20	4	49.8%	23.70	20.80	24.50	260.00	18.60	21.60	26.60	51.7%	1	25
THC $263.78
234	1	48.4%	16.04	16.60	19.40	270.00	20.50	23.80	23.90	44.5%	3	142
67	5	47.5%	15.00	12.30	15.20	280.00	26.60	29.80	33.80	44.0%	1	12
93	1	47.5%	9.25	8.90	12.00	290.00	0.00	0.00	30.89	—	6	0
24	1	47.5%	10.00	6.30	9.40	300.00	—	—	—	—	—	—
0	8	6.3%	11.10	0.00	0.00	310.00	—	—	—	—	—	—
5	1	48.3%	4.20	3.10	5.90	320.00	—	—	—	—	—	—
1	—	50.3%	2.97	2.05	5.10	330.00	—	—	—	—	—	—
21	12	52.6%	3.70	0.30	3.60	350.00	—	—	—	—	—	—
—	—	—	—	—	—	370.00	104.20	108.20	119.00	51.5%	1	0
—	—	—	—	—	—	380.00	114.00	118.10	119.50	53.9%	1	0
—	—	—	—	—	—	390.00	124.10	128.10	129.50	56.7%	—	0
—	—	—	—	—	—	400.00	134.20	138.20	139.50	60.1%	—	0

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 THC put/call ratio?

For the December 18, 2026 expiration, the THC put/call ratio based on open interest is 0.74 (667 puts vs 906 calls), and 0.81 based on today's volume. A ratio above 1 means more puts than calls.

What is THC's implied volatility?

At-the-money implied volatility for THC options expiring December 18, 2026 is about 50.7%, an annualized estimate of how much the market expects Tenet Healthcare stock to move.

How many THC option expiration dates are there?

THC has 8 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.