Talen Energy (TLN) Options Chain

NASDAQ: TLNUtilitiesElectric Utilities: CentralUSD

378.57+19.35 (+5.39%)

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

Expiration date

Expiration: Feb 19, 2027
Days to expiration: 131
Share price: $378.57
Put/call ratio (OI): 0.43
Put/call ratio (volume): 0.14
ATM implied volatility: 56.0%
Expected move: ±$127.10
Open interest (C / P): 1.39K / 594

TLN options summary

The TLN options chain for the February 19, 2027 expiration lists 37 call and 29 put contracts, with 131 days until expiration. Open interest stands at 1,387 calls and 594 puts, a put/call ratio of 0.43, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $380.00 strike is 56.0%, which implies the market expects a move of about ±$127.10 (33.6%) in Talen Energy stock by expiration.

The most open interest sits at the $320.00 call (303 contracts) and the $270.00 put (205 contracts).

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

TLN options chain · February 19, 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
—	—	—	—	—	—	160.00	0.00	4.70	1.45	85.2%	8	13
—	—	—	—	—	—	170.00	0.00	4.50	2.85	79.1%	—	1
—	—	—	—	—	—	175.00	0.00	4.90	3.50	77.9%	2	5
0	—	—	169.00	0.00	0.00	180.00	0.00	4.90	4.50	75.3%	1	2
—	—	—	—	—	—	185.00	0.00	4.90	5.22	72.9%	8	29
—	—	—	—	—	—	190.00	2.00	9.10	8.50	85.2%	—	1
0	—	—	150.80	0.00	0.00	195.00	0.00	0.00	7.20	25.0%	8	0
—	—	—	—	—	—	200.00	0.05	5.80	5.20	68.5%	17	17
1	2	—	168.20	107.00	113.10	210.00	0.50	6.00	2.10	65.5%	1	19
—	—	—	—	—	—	220.00	0.05	7.00	4.77	62.4%	1	41
—	—	—	—	—	—	230.00	1.10	7.70	4.05	61.4%	1	46
10	7	69.6%	91.00	143.00	151.60	240.00	1.65	8.80	4.60	59.8%	1	26
0	2	—	88.20	0.00	0.00	250.00	2.70	10.00	15.00	58.7%	12	23
—	—	—	—	—	—	260.00	4.20	11.30	23.50	57.9%	3	13
1	—	64.3%	70.00	117.50	125.40	270.00	4.90	13.00	10.65	56.3%	2	205
1	1	62.9%	76.49	109.20	117.40	280.00	8.00	12.20	10.30	54.2%	1	50
2	2	62.2%	56.00	101.50	110.00	290.00	8.80	15.40	30.40	53.5%	5	25
41	2	60.4%	88.10	94.10	101.30	300.00	11.90	17.30	20.00	53.2%	1	29
4	2	61.2%	40.00	88.40	95.00	310.00	13.90	22.50	21.50	54.0%	1	8
303	2	59.9%	74.00	80.70	88.20	320.00	17.50	25.70	40.00	54.0%	20	24
61	1	58.3%	30.00	73.80	80.70	330.00	—	—	—	—	—	—
2	1	57.7%	37.00	68.10	74.10	340.00	27.10	31.20	54.30	53.5%	1	2
2	2	57.9%	34.00	63.40	68.40	350.00	31.80	35.80	35.70	53.7%	11	6
2	1	56.8%	59.20	57.40	62.40	360.00	34.20	40.50	40.10	52.2%	11	3
201	200	56.3%	23.76	51.70	57.80	370.00	41.30	45.40	44.80	53.1%	15	1
TLN $378.57
2	1	56.0%	49.29	47.00	53.10	380.00	—	—	—	—	—	—
—	—	—	—	—	—	390.00	96.00	103.50	68.80	103.5%	—	1
6	2	56.4%	40.18	38.30	46.50	400.00	55.30	63.00	60.00	51.3%	1	2
69	400	56.3%	30.00	34.30	43.20	410.00	—	—	—	—	—	—
2	2	56.0%	13.57	31.00	39.40	420.00	86.00	94.80	68.35	71.3%	1	1
—	—	—	—	—	—	430.00	129.00	136.20	104.90	110.3%	—	1
65	50	55.1%	25.32	26.80	30.20	440.00	—	—	—	—	—	—
3	1	54.8%	28.00	24.10	27.40	450.00	—	—	—	—	—	—
0	4	6.3%	25.70	0.00	0.00	460.00	—	—	—	—	—	—
301	1	54.4%	10.00	17.00	24.70	470.00	—	—	—	—	—	—
5	4	54.5%	8.00	15.00	23.10	480.00	—	—	—	—	—	—
7	—	46.0%	50.60	4.20	11.20	490.00	—	—	—	—	—	—
122	2	53.5%	13.50	11.20	18.60	500.00	—	—	—	—	—	—
0	8	12.5%	8.90	0.00	0.00	510.00	—	—	—	—	—	—
1	2	54.0%	13.70	8.20	16.70	520.00	—	—	—	—	—	—
158	200	54.0%	3.70	7.10	15.30	530.00	—	—	—	—	—	—
0	—	12.5%	13.40	0.00	0.00	540.00	—	—	—	—	—	—
7	1	53.9%	2.34	5.00	13.10	550.00	—	—	—	—	—	—
0	14	12.5%	11.10	0.00	0.00	560.00	238.00	247.60	230.60	122.2%	—	0
1	—	54.4%	2.00	3.70	10.00	580.00	—	—	—	—	—	—
3	3	55.9%	5.50	3.40	9.00	600.00	—	—	—	—	—	—
2	2	55.6%	1.60	1.55	8.40	620.00	—	—	—	—	—	—
2	1	56.9%	1.90	1.40	7.60	640.00	—	—	—	—	—	—

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 February 19, 2027 expiration, the TLN put/call ratio based on open interest is 0.43 (594 puts vs 1,387 calls), and 0.14 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 February 19, 2027 is about 56.0%, 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.