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: Mar 19, 2027
Days to expiration: 159
Share price: $378.57
Put/call ratio (OI): 0.13
Put/call ratio (volume): 0.09
ATM implied volatility: 53.9%
Expected move: ±$134.58
Open interest (C / P): 3.42K / 443

TLN options summary

The TLN options chain for the March 19, 2027 expiration lists 36 call and 32 put contracts, with 159 days until expiration. Open interest stands at 3,420 calls and 443 puts, a put/call ratio of 0.13, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $380.00 strike is 53.9%, which implies the market expects a move of about ±$134.58 (35.5%) in Talen Energy stock by expiration.

The most open interest sits at the $450.00 call (1.41K contracts) and the $250.00 put (210 contracts).

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

TLN options chain · March 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
1	2	—	183.30	159.20	167.50	160.00	0.00	0.00	2.39	25.0%	—	0
—	—	—	—	—	—	165.00	—	—	0.95	—	—	—
—	—	—	—	—	—	175.00	0.00	4.90	5.30	70.7%	2	12
—	—	—	—	—	—	180.00	0.00	4.90	6.20	68.5%	10	5
1	1	—	161.90	137.00	144.90	185.00	0.00	4.90	7.27	66.2%	—	7
—	—	—	—	—	—	190.00	0.00	0.00	5.94	25.0%	—	0
—	—	—	—	—	—	195.00	0.00	4.90	2.25	62.0%	3	6
3	1	73.1%	182.00	181.00	187.60	200.00	0.05	6.60	8.35	64.0%	1	5
—	—	—	—	—	—	210.00	1.00	7.20	7.20	62.9%	1	9
—	—	—	—	—	—	220.00	10.20	18.00	12.00	85.0%	2	28
—	—	—	—	—	—	230.00	0.00	0.00	17.39	12.5%	1	0
1	—	67.5%	91.60	145.10	153.30	240.00	2.15	10.00	11.50	56.6%	3	4
2	1	65.2%	123.50	136.60	144.00	250.00	4.50	11.60	8.50	57.4%	5	210
1	4	64.9%	130.65	128.30	136.80	260.00	5.20	13.10	26.00	55.6%	1	4
0	—	—	82.10	0.00	0.00	270.00	8.90	14.90	14.30	56.7%	3	10
—	—	—	—	—	—	280.00	11.80	14.40	16.70	54.5%	4	42
16	1	60.9%	106.00	105.30	112.20	290.00	13.60	16.50	30.00	53.3%	1	10
7	2	60.4%	102.00	98.10	105.40	300.00	16.20	19.10	21.90	52.8%	2	12
6	1	59.9%	65.00	91.00	99.10	310.00	16.00	22.10	39.12	50.2%	9	16
3	4	59.6%	48.40	85.00	92.50	320.00	20.00	25.20	55.17	50.3%	1	5
1	1	57.9%	36.68	78.10	84.90	330.00	24.00	29.10	51.50	50.4%	1	5
3	2	57.7%	58.10	73.00	78.70	340.00	28.60	33.10	32.70	50.5%	1	12
482	270	57.3%	57.40	67.00	73.40	350.00	34.00	37.20	40.76	50.7%	5	8
23	10	29.4%	77.00	31.60	38.90	360.00	37.00	43.80	45.62	50.6%	5	11
3	1	57.1%	54.79	57.00	64.00	370.00	—	—	—	—	—	—
TLN $378.57
10	10	57.4%	22.33	53.00	59.90	380.00	48.00	53.80	58.06	50.3%	4	2
0	1	0.8%	34.60	0.00	0.00	390.00	83.00	59.70	58.22	65.0%	1	14
451	4	55.7%	48.03	44.00	49.70	400.00	59.00	65.60	68.00	53.0%	1	2
407	1	55.9%	40.30	40.00	47.00	410.00	65.00	72.20	73.00	53.2%	1	1
11	10	41.5%	44.50	18.00	26.00	420.00	124.20	129.10	97.00	101.2%	—	1
8	1	55.9%	19.16	33.00	41.10	430.00	—	—	—	—	—	—
0	1	6.3%	40.70	0.00	0.00	440.00	—	—	—	—	—	—
1,407	1	54.9%	29.78	28.20	32.90	450.00	—	—	—	—	—	—
6	1	54.9%	29.00	25.00	31.30	460.00	—	—	—	—	—	—
0	2	6.3%	28.50	0.00	0.00	470.00	—	—	—	—	—	—
55	1	55.0%	13.60	20.00	27.60	480.00	—	—	—	—	—	—
400	400	54.9%	18.35	18.00	25.50	490.00	185.30	190.90	154.00	111.7%	—	1
17	3	54.6%	20.52	16.00	23.60	500.00	195.10	200.10	154.30	113.5%	—	1
47	2	53.6%	17.00	12.00	19.70	520.00	—	—	—	—	—	—
4	1	54.3%	5.00	10.00	17.40	540.00	0.00	0.00	185.00	—	—	0
0	23	12.5%	14.80	0.00	0.00	560.00	—	—	—	—	—	—
35	5	51.9%	36.00	2.40	8.20	580.00	—	—	—	—	—	—
5	—	55.9%	32.40	1.50	8.90	600.00	—	—	—	—	—	—
4	—	55.5%	29.40	0.85	7.30	620.00	—	—	—	—	—	—
0	—	12.5%	9.70	0.00	0.00	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 March 19, 2027 expiration, the TLN put/call ratio based on open interest is 0.13 (443 puts vs 3,420 calls), and 0.09 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 March 19, 2027 is about 53.9%, 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.