T Options
T $20.86 · Updated Oct 26, 4:00 PM ET
T is at $20.86. The nearest expiration, Oct 30, 2026 (4 days out), lists 33 strikes, with 23,810 calls and 9,112 puts traded in the latest session. At-the-money implied volatility is 33.5%. The at-the-money straddle prices a move of about $0.61 (2.9%) by expiration.
T Options Chain
T is at $20.86. The nearest expiration, Oct 30, 2026 (4 days out), lists 33 strikes, with 23,810 calls and 9,112 puts traded in the latest session. At-the-money implied volatility is 33.5%. The at-the-money straddle prices a move of about $0.61 (2.9%) by expiration.
T Gamma Exposure (GEX)
T total dealer gamma exposure is -$3M across all listed expirations. Negative GEX means dealers are net short gamma; their hedging tends to amplify price moves. The gamma flip is $21.07, with spot 1.0% below it. The call wall is $22.00 and the put wall $20.00.
T Max Pain
T max pain for Oct 30, 2026 (4 days out) is $22.00, 5.5% above the current $20.86. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $22.50.
T Put/Call Ratio
Across every listed T expiration, the put/call ratio is 0.35 by volume and 0.58 by open interest. More calls than puts are trading. 290,582 puts and 498,922 calls are open in total.
T Implied Volatility
T at-the-money implied volatility is 33.5% for Oct 30, 2026 (4 days out). For Nov 27, 2026 it is 27.7%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
T Open Interest by Strike
Across all T expirations, the largest call open interest near the current $20.86 sits at the $23.00 strike (40,862 contracts) and the largest put open interest at $22.00 (49,803). 498,922 calls and 290,582 puts are open in total.
T Expected Move
The options market prices T to move about $0.61 (2.9%) by Oct 30, 2026, a range of $20.26 to $21.47. For Nov 27, 2026 (32 days out) the expected move is $1.38 (6.6%).