3.13K calls and 789 puts traded on Nov 4, 2026, 3.92K contracts in total. Open interest was 21.15K contracts. Over the past 30 days, volume averaged 814 contracts per day. The THC option volume chart shows volume by strike and expiration date.

Tenet Healthcare IV rank is 9, so its 30-day implied volatility of 41.0% is near the bottom of its one-year range. Over the past year it ranged from 29.6% on Dec 19, 2025 to 156.6% on Jan 16, 2026. See the THC implied volatility history for a longer view.

The Tenet Healthcare put/call volume ratio was 0.25 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 0.91. The THC open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Tenet Healthcare options about one week from expiration was $260.46, 10.8% below the $292.10 close. The THC max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 41.9%, options price a move of about ±$16.94 (±5.8%) over the next week, a range of roughly $275.16 to $309.04 from the Nov 4, 2026 close. The THC expected move chart shows it for every expiration date.