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: Jan 21, 2028
Days to expiration: 468
Share price: $378.57
Put/call ratio (OI): 1.37
Put/call ratio (volume): 1.40
ATM implied volatility: 55.1%
Expected move: ±$236.30
Open interest (C / P): 4.14K / 5.68K

TLN options summary

The TLN options chain for the January 21, 2028 expiration lists 43 call and 42 put contracts, with 468 days until expiration. Open interest stands at 4,143 calls and 5,684 puts, a put/call ratio of 1.37, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $380.00 strike is 55.1%, which implies the market expects a move of about ±$236.30 (62.4%) in Talen Energy stock by expiration.

The most open interest sits at the $480.00 call (2.04K contracts) and the $230.00 put (3.21K contracts).

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

TLN options chain · January 21, 2028

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
—	—	—	—	—	—	150.00	—	—	5.00	—	—	—
—	—	—	—	—	—	155.00	0.00	9.20	5.40	54.0%	1	11
8	1	73.9%	162.00	229.00	239.00	160.00	1.35	9.70	9.70	54.7%	1	86
—	—	—	—	—	—	165.00	2.00	11.00	10.00	55.2%	1	29
—	—	—	—	—	—	170.00	11.00	18.80	19.65	68.8%	2	1
—	—	—	—	—	—	175.00	0.00	0.00	17.55	12.5%	2	0
1	2	—	227.56	153.00	161.00	180.00	0.00	0.00	21.40	12.5%	16	0
—	—	—	—	—	—	185.00	5.00	15.00	20.50	55.1%	1	12
2	1	—	217.75	147.00	155.00	190.00	6.00	15.00	22.10	54.2%	1	3
—	—	—	—	—	—	195.00	23.00	28.00	23.00	72.9%	—	2
3	1	69.4%	148.00	198.00	208.00	200.00	8.00	17.00	24.30	53.9%	2	260
1	—	78.0%	259.60	202.00	206.50	210.00	10.00	20.00	28.50	54.0%	1	254
3	1	68.2%	183.00	184.00	194.00	220.00	12.00	22.00	25.00	53.2%	3	108
—	—	—	—	—	—	230.00	15.00	24.00	19.50	52.8%	10	3,213
5	10	66.3%	113.50	170.00	180.00	240.00	17.90	27.00	39.30	52.6%	20	294
14	2	66.1%	156.00	164.00	174.00	250.00	20.00	30.00	35.50	51.9%	1	31
11	1	65.4%	114.76	158.00	167.00	260.00	24.00	33.00	45.70	51.9%	6	12
8	1	64.5%	150.00	151.00	161.00	270.00	27.00	36.00	45.10	51.2%	2	29
21	1	64.3%	88.50	146.00	155.00	280.00	30.90	40.00	59.00	51.2%	1	4
3	1	63.3%	137.05	140.00	148.00	290.00	35.00	42.90	52.50	50.6%	1	468
77	10	62.5%	132.00	134.00	142.00	300.00	38.50	47.00	44.90	50.2%	1	133
24	2	62.4%	131.95	129.00	137.00	310.00	45.90	51.00	66.00	51.0%	56	45
144	1	62.4%	110.00	124.00	133.00	320.00	47.00	56.00	71.60	52.8%	30	33
23	2	62.1%	79.95	119.00	128.00	330.00	52.00	60.00	75.80	52.0%	2	9
58	1	61.6%	110.00	114.00	123.00	340.00	56.00	65.00	89.20	51.8%	5	16
149	4	61.0%	85.40	109.00	118.00	350.00	61.90	70.00	69.20	51.5%	1	118
4	1	60.7%	98.10	105.00	113.00	360.00	68.40	75.00	106.10	51.0%	1	33
61	3	60.6%	95.00	101.00	109.00	370.00	111.00	119.00	101.20	72.5%	2	279
TLN $378.57
35	4	59.8%	92.10	96.00	104.00	380.00	78.00	86.00	123.81	50.4%	1	11
4	6	59.9%	90.80	92.00	101.00	390.00	84.00	91.00	91.86	49.7%	136	70
51	8	59.5%	87.50	89.00	96.00	400.00	89.00	97.00	97.90	49.4%	2	6
11	8	59.4%	47.80	85.00	93.00	410.00	118.00	126.00	110.00	60.4%	10	2
30	18	59.2%	80.00	81.00	90.00	420.00	103.40	109.00	110.16	48.7%	2	6
28	8	58.4%	76.90	78.00	84.00	430.00	—	—	—	—	—	—
61	50	58.4%	73.40	74.00	82.00	440.00	—	—	—	—	—	—
71	1	58.5%	68.70	71.00	80.00	450.00	—	—	—	—	—	—
35	1	58.1%	43.20	68.00	76.10	460.00	—	—	—	—	—	—
3	2	86.3%	67.50	113.00	121.00	470.00	—	—	—	—	—	—
2,035	3	57.6%	64.92	62.00	70.00	480.00	—	—	—	—	—	—
9	14	57.5%	60.20	59.00	68.00	490.00	—	—	—	—	—	—
60	1	57.4%	55.20	57.00	65.00	500.00	—	—	—	—	—	—
6	2	57.2%	58.65	54.00	63.00	510.00	0.00	0.00	214.40	—	2	0
14	28	57.0%	53.30	52.00	60.00	520.00	173.00	177.50	195.00	45.0%	1	2
15	24	56.7%	54.60	49.00	58.00	530.00	234.00	243.00	217.48	76.5%	1	7
28	26	56.7%	48.70	47.00	56.00	540.00	—	—	—	—	—	—
49	1	56.3%	42.80	43.00	51.50	560.00	218.50	222.50	222.50	51.3%	1	2
91	18	55.2%	43.40	39.00	45.10	580.00	278.00	286.00	249.10	78.3%	2	3
235	3	54.7%	38.40	35.00	41.50	600.00	296.00	304.00	247.50	79.1%	5	13
93	2	55.5%	35.80	35.10	38.00	620.00	314.00	322.00	290.00	79.9%	1	3
76	3	55.2%	33.30	32.10	35.00	640.00	333.00	339.00	274.94	80.5%	55	56
483	2	53.8%	28.02	26.00	32.40	660.00	304.00	312.00	274.40	52.0%	1	20

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 21, 2028 expiration, the TLN put/call ratio based on open interest is 1.37 (5,684 puts vs 4,143 calls), and 1.40 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 21, 2028 is about 55.1%, 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.