Talen Energy (TLN) Options Chain

NASDAQ: TLNUtilitiesUtilities - Independent Power ProducersUSD

378.57+19.35 (+5.39%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $378.57
Put/call ratio (OI): 0.38
Put/call ratio (volume): 0.17
ATM implied volatility: 79.5%
Expected move: ±$154.28
Open interest (C / P): 25.52K / 9.73K

TLN options summary

The TLN options chain for the January 15, 2027 expiration lists 42 call and 41 put contracts, with 96 days until expiration. Open interest stands at 25,518 calls and 9,730 puts, a put/call ratio of 0.38, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $380.00 strike is 79.5%, which implies the market expects a move of about ±$154.28 (40.8%) in Talen Energy stock by expiration.

The most open interest sits at the $400.00 call (3.90K contracts) and the $260.00 put (4.21K contracts).

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

TLN options chain · January 15, 2027

TLN 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	97	—	211.31	0.00	0.00	160.00	0.00	1.75	0.91	83.4%	4	158
—	—	—	—	—	—	165.00	0.00	0.00	2.80	25.0%	11	0
—	—	—	—	—	—	170.00	0.00	5.70	3.30	96.8%	1	6
—	—	—	—	—	—	175.00	0.00	0.00	2.85	25.0%	2	0
121	1	—	231.44	129.80	134.90	180.00	0.00	4.60	3.65	86.8%	1	5
—	—	—	—	—	—	185.00	0.00	4.70	3.93	84.3%	8	36
—	—	—	—	—	—	190.00	0.00	4.80	0.82	81.9%	18	11
0	—	—	135.90	0.00	0.00	195.00	0.00	4.80	0.81	79.3%	2	5
4	2	82.0%	169.26	177.00	186.70	200.00	0.30	2.20	0.96	67.6%	4	55
0	2	—	140.70	0.00	0.00	210.00	0.05	5.20	1.25	72.9%	6	105
93	440	73.9%	108.75	158.30	166.40	220.00	0.00	2.25	3.10	57.6%	2	31
40	2	—	115.60	95.50	100.90	230.00	0.00	2.65	2.25	55.0%	7	639
0	2	—	124.70	0.00	0.00	240.00	1.60	4.70	7.10	61.3%	3	34
84	203	66.0%	128.00	130.80	137.50	250.00	2.35	4.70	3.85	58.4%	1	485
3	2	—	173.50	70.80	75.00	260.00	3.50	6.80	4.82	59.7%	2	4,206
3	2	63.1%	68.50	113.30	119.80	270.00	2.85	8.90	7.45	57.3%	10	31
4	2	62.4%	83.85	104.90	111.70	280.00	4.70	9.10	8.60	55.4%	1	1,126
45	1	61.2%	93.05	96.80	103.40	290.00	6.70	10.30	9.60	54.5%	2	292
2,611	2	60.3%	91.00	89.40	95.10	300.00	9.20	13.50	11.50	55.7%	1	1,171
2,511	4	59.3%	53.50	81.80	87.50	310.00	12.00	17.50	15.50	56.9%	5	221
3,282	1	58.7%	76.00	74.80	80.30	320.00	13.70	19.50	18.50	54.8%	1	83
2,525	2	58.4%	65.15	68.20	73.70	330.00	17.20	23.70	22.20	55.4%	23	125
99	5	57.7%	62.00	61.80	67.20	340.00	21.90	28.00	24.90	56.3%	4	68
114	28	58.3%	54.60	55.50	63.00	350.00	26.00	31.00	28.70	55.2%	13	190
24	6	58.0%	52.55	50.30	57.30	360.00	30.70	33.80	33.30	54.0%	11	66
53	3	56.7%	46.70	45.20	50.60	370.00	34.40	39.90	38.60	53.8%	1	169
TLN $378.57
676	83	56.4%	40.00	40.50	45.70	380.00	75.60	84.00	81.20	102.6%	4	71
68	16	57.6%	39.00	36.20	43.50	390.00	46.10	50.70	55.22	53.9%	5	64
3,898	4	57.0%	33.00	32.20	38.90	400.00	51.60	56.50	61.43	53.2%	5	117
491	6	55.7%	31.00	28.60	33.40	410.00	0.00	0.00	79.00	—	2	0
594	2	56.2%	28.10	25.30	31.00	420.00	107.30	116.00	103.40	110.5%	4	8
41	4	55.8%	24.95	22.20	27.70	430.00	69.90	77.10	122.40	51.9%	1	14
791	2	55.3%	22.60	19.50	24.40	440.00	137.00	141.50	88.50	128.1%	9	13
641	2	55.0%	18.70	16.50	22.10	450.00	145.80	150.00	112.30	130.0%	2	45
283	40	55.2%	14.60	14.80	19.80	460.00	155.00	159.70	115.20	132.8%	2	3
760	22	55.6%	14.90	13.10	18.20	470.00	162.80	169.20	122.50	134.4%	10	65
50	3	55.1%	13.98	9.70	17.50	480.00	—	—	—	—	—	—
1,051	13	54.4%	2.95	9.50	13.70	490.00	—	—	—	—	—	—
1,405	2	55.0%	9.90	7.20	14.00	500.00	191.70	197.50	154.50	141.9%	4	7
426	2	54.6%	7.10	6.20	9.90	520.00	167.50	172.00	158.10	88.0%	2	2
0	6	12.5%	8.34	0.00	0.00	540.00	227.50	231.50	205.00	146.3%	—	1
2,439	1	53.7%	1.50	1.70	7.30	560.00	—	—	—	—	—	—
30	4	53.4%	14.80	0.00	6.70	580.00	269.70	279.00	221.40	162.2%	—	0
125	103	57.5%	0.50	0.75	6.50	600.00	224.30	233.00	185.10	67.8%	1	2
34	1	58.0%	0.90	0.05	5.90	620.00	—	—	—	—	—	—
72	1	60.3%	0.90	0.20	5.50	640.00	—	—	—	—	—	—
27	11	51.6%	1.45	0.00	1.75	660.00	—	—	—	—	—	—

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 TLN put/call ratio?

For the January 15, 2027 expiration, the TLN put/call ratio based on open interest is 0.38 (9,730 puts vs 25,518 calls), and 0.17 based on today's volume. A ratio above 1 means more puts than calls.

What is TLN's implied volatility?

At-the-money implied volatility for TLN options expiring January 15, 2027 is about 79.5%, an annualized estimate of how much the market expects Talen Energy stock to move.

How many TLN option expiration dates are there?

TLN has 15 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.