T-Mobile US (TMUS) Options Chain

NASDAQ: TMUSTelecommunicationsTelecommunications EquipmentUSD

148.58-22.73 (-13.27%)

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

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $148.58
Put/call ratio (OI): 0.87
Put/call ratio (volume): 0.91
ATM implied volatility: 37.0%
Expected move: ±$62.24
Open interest (C / P): 49.20K / 42.68K

TMUS options summary

The TMUS options chain for the January 21, 2028 expiration lists 38 call and 34 put contracts, with 468 days until expiration. Open interest stands at 49,201 calls and 42,682 puts, a put/call ratio of 0.87, which is fairly balanced between calls and puts. At-the-money implied volatility near the $150.00 strike is 37.0%, which implies the market expects a move of about ±$62.24 (41.9%) in T-Mobile US stock by expiration.

The most open interest sits at the $250.00 call (15.60K contracts) and the $160.00 put (11.45K contracts).

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

TMUS options chain · January 21, 2028

TMUS 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
—	—	—	—	—	—	90.00	1.65	4.20	3.02	42.5%	1	13
161	1	46.9%	78.85	56.00	60.50	95.00	2.90	4.50	4.10	39.9%	17	77
88	14	45.7%	55.00	52.00	56.50	100.00	4.50	5.10	4.90	38.2%	6	64
27	2	44.2%	51.49	48.50	52.50	105.00	1.50	6.50	3.55	38.5%	1	0
9	5	43.8%	58.80	44.50	49.00	110.00	5.20	10.00	6.40	42.9%	17	10
5	5	44.0%	54.90	41.50	46.00	115.00	6.50	9.90	6.00	38.9%	4	223
2	2	42.7%	41.50	39.00	42.40	120.00	8.70	12.10	10.00	39.5%	323	21
5	20	42.6%	37.75	35.00	39.50	125.00	9.60	13.50	11.00	38.3%	3	10,052
23	4	42.0%	35.20	33.00	36.50	130.00	11.50	15.70	5.26	38.2%	1	45
18	6	41.2%	32.50	30.40	33.50	135.00	14.30	16.40	15.20	35.4%	159	381
20	165	38.0%	29.00	28.30	29.10	140.00	16.20	19.40	15.50	36.2%	141	10,004
51	38	39.0%	27.00	25.00	27.50	145.00	18.00	21.80	16.88	35.7%	105	220
TMUS $148.58
88	30	38.4%	25.00	24.00	25.00	150.00	20.50	24.60	21.03	35.6%	11	8,550
21	9	39.2%	22.50	19.50	23.60	155.00	23.10	27.10	23.60	34.9%	9	81
83	39	37.7%	20.20	17.50	20.80	160.00	26.10	29.90	25.00	34.3%	2	11,453
77	11	37.8%	18.53	16.00	19.20	165.00	29.00	32.40	26.10	33.1%	4	207
46	7	38.2%	16.75	14.50	17.90	170.00	32.00	36.50	33.40	34.0%	4	71
53	21	39.2%	15.15	13.00	17.10	175.00	35.50	40.00	26.70	33.9%	3	91
68	22	37.1%	13.91	13.40	14.40	180.00	39.00	42.30	36.00	31.6%	1	256
75	2	37.4%	13.50	11.20	13.40	185.00	22.50	26.50	26.71	—	4	49
397	32	37.0%	11.10	10.30	12.00	190.00	46.50	49.40	32.30	30.4%	2	95
92	7	37.8%	10.50	9.20	11.50	195.00	50.50	55.00	35.60	33.0%	8	60
239	129	37.2%	9.10	8.30	10.20	200.00	54.50	59.00	52.80	32.7%	2	120
129	9	37.3%	9.65	6.50	8.60	210.00	63.00	67.50	52.50	32.7%	1	141
473	3	37.3%	6.25	5.30	7.20	220.00	72.00	76.00	68.98	32.0%	1	248
13,650	27	36.6%	5.20	4.50	5.70	230.00	81.00	85.00	70.70	31.8%	1	17
387	2	36.5%	7.20	3.40	4.70	240.00	59.00	63.00	55.30	—	1	16
15,598	22	36.7%	3.46	2.65	4.00	250.00	0.00	0.00	47.41	—	10	0
11,694	108	36.3%	2.75	1.35	3.20	260.00	77.50	82.50	87.50	—	1	109
3,307	1	37.4%	3.65	1.60	3.00	270.00	62.65	66.00	47.83	—	2	1
342	5	44.4%	2.85	1.00	5.00	280.00	96.50	101.00	103.72	—	6	6
88	1	46.0%	2.77	1.00	5.00	290.00	77.50	82.00	60.04	—	2	1
217	5	43.4%	2.44	0.60	3.50	300.00	115.50	120.50	123.58	—	6	0
27	100	37.4%	1.68	0.45	1.50	310.00	—	—	—	—	—	—
131	15	50.3%	1.30	0.50	5.00	320.00	—	—	—	—	—	—
120	1	51.6%	3.10	0.00	5.00	330.00	—	—	—	—	—	—
94	71	52.9%	1.05	0.00	5.00	340.00	—	—	—	—	—	—
202	5	44.2%	2.10	0.00	2.00	350.00	—	—	—	—	—	—
1,094	1	50.5%	1.00	0.10	3.40	360.00	0.00	0.00	183.40	—	4	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 TMUS put/call ratio?

For the January 21, 2028 expiration, the TMUS put/call ratio based on open interest is 0.87 (42,682 puts vs 49,201 calls), and 0.91 based on today's volume. A ratio above 1 means more puts than calls.

What is TMUS's implied volatility?

At-the-money implied volatility for TMUS options expiring January 21, 2028 is about 37.0%, an annualized estimate of how much the market expects T-Mobile US stock to move.

How many TMUS option expiration dates are there?

TMUS has 17 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.