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: Jan 15, 2027
Days to expiration: 97
Share price: $263.78
Put/call ratio (OI): 0.67
Put/call ratio (volume): 0.72
ATM implied volatility: 43.9%
Expected move: ±$59.66
Open interest (C / P): 2.12K / 1.41K

THC options summary

The THC options chain for the January 15, 2027 expiration lists 46 call and 37 put contracts, with 97 days until expiration. Open interest stands at 2,121 calls and 1,414 puts, a put/call ratio of 0.67, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $260.00 strike is 43.9%, which implies the market expects a move of about ±$59.66 (22.6%) in Tenet Healthcare stock by expiration.

The most open interest sits at the $210.00 call (711 contracts) and the $85.00 put (224 contracts).

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

THC options chain · January 15, 2027

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
0	1	—	128.65	0.00	0.00	60.00	—	—	—	—	—	—
—	—	—	—	—	—	65.00	3.10	4.80	2.85	188.0%	4	8
6	1	279.2%	170.50	208.10	212.10	70.00	—	—	—	—	—	—
5	1	—	120.01	135.00	139.50	75.00	0.05	3.00	2.95	138.1%	1	12
2	3	253.6%	103.85	198.50	202.20	80.00	2.30	4.60	4.50	156.3%	7	40
0	1	—	190.00	0.00	0.00	85.00	0.00	2.15	1.08	117.4%	1	224
3	3	—	88.50	115.50	120.50	90.00	0.35	3.80	1.97	126.8%	3	4
0	4	—	65.45	48.50	52.50	95.00	0.00	0.00	9.10	50.0%	—	1
5	7	—	48.20	52.00	56.20	100.00	0.00	1.00	0.12	89.8%	1	16
2	2	—	106.75	93.00	97.00	105.00	0.00	2.20	1.12	97.4%	1	6
3	1	—	102.49	102.50	106.00	110.00	0.00	3.40	2.80	101.0%	2	32
4	2	—	98.65	84.50	89.00	115.00	0.00	0.95	2.15	77.2%	5	7
0	3	—	160.40	0.00	0.00	120.00	0.00	0.95	2.49	73.6%	1	28
17	1	—	47.41	71.40	74.70	125.00	0.95	4.90	5.50	98.8%	6	2
0	1	—	107.43	0.00	0.00	130.00	1.50	5.00	6.94	96.8%	2	101
4	1	160.7%	58.10	144.70	148.50	135.00	0.00	0.00	9.90	25.0%	2	0
0	2	—	129.46	0.00	0.00	140.00	0.00	0.00	0.67	25.0%	5	0
2	1	149.4%	53.20	135.10	139.00	145.00	10.00	15.00	12.00	127.8%	2	27
28	5	87.4%	113.00	116.50	120.10	150.00	0.00	2.60	0.43	65.2%	1	34
4	1	139.3%	96.10	126.10	129.20	155.00	0.00	2.65	1.05	62.1%	6	18
5	2	69.3%	102.65	104.50	108.50	160.00	0.00	0.00	15.40	25.0%	1	0
10	2	—	38.21	46.80	50.50	165.00	0.00	0.00	1.45	25.0%	3	0
18	3	63.8%	96.55	94.90	98.60	170.00	0.00	3.10	1.18	54.6%	2	107
15	3	61.7%	89.10	90.10	93.90	175.00	0.00	3.30	1.85	52.4%	6	47
27	1	115.4%	75.50	102.20	105.60	180.00	0.00	3.40	1.73	59.3%	1	55
35	1	70.1%	73.28	83.90	87.50	185.00	0.75	2.00	1.30	48.7%	1	49
16	2	55.8%	76.20	76.40	79.40	190.00	0.45	3.70	1.90	54.0%	1	17
0	1	—	15.40	0.00	0.00	195.00	2.10	4.90	11.00	55.5%	3	68
418	1	52.9%	68.70	67.10	70.70	200.00	1.25	4.20	2.60	49.5%	1	151
711	2	55.0%	71.50	58.40	61.80	210.00	2.70	5.50	5.20	47.5%	1	28
35	4	51.7%	47.30	50.20	53.30	220.00	3.90	7.20	8.10	45.6%	5	67
57	1	49.6%	40.85	42.60	45.60	230.00	9.30	11.90	17.60	49.8%	1	52
49	1	48.2%	34.40	35.60	38.70	240.00	9.20	12.50	13.50	43.2%	1	75
111	12	47.2%	27.10	29.50	32.50	250.00	12.80	16.10	17.40	42.1%	5	14
235	1	46.6%	25.50	23.60	27.10	260.00	17.20	20.40	20.40	41.2%	1	36
THC $263.78
59	1	45.9%	20.20	19.60	22.30	270.00	22.40	25.40	25.80	40.2%	1	32
10	2	45.5%	15.67	14.50	18.20	280.00	28.30	31.30	36.00	39.7%	10	55
20	1	45.0%	13.20	11.40	14.70	290.00	0.00	0.00	33.60	—	4	0
82	1	45.0%	10.60	8.40	11.90	300.00	41.90	45.80	50.67	40.2%	1	1
24	2	45.0%	11.20	6.00	9.60	310.00	—	—	—	—	—	—
68	—	44.7%	11.20	4.30	7.60	320.00	—	—	—	—	—	—
0	27	6.3%	10.50	0.00	0.00	330.00	—	—	—	—	—	—
0	19	12.5%	9.00	0.00	0.00	340.00	—	—	—	—	—	—
30	4	45.8%	2.50	1.70	4.10	350.00	—	—	—	—	—	—
1	—	52.0%	5.26	2.40	5.10	360.00	—	—	—	—	—	—
0	2	12.5%	5.02	0.00	0.00	370.00	—	—	—	—	—	—
0	—	12.5%	2.95	0.00	0.00	390.00	—	—	—	—	—	—

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 THC put/call ratio?

For the January 15, 2027 expiration, the THC put/call ratio based on open interest is 0.67 (1,414 puts vs 2,121 calls), and 0.72 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 January 15, 2027 is about 43.9%, 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.