Talphera (TLPH) Options Chain
NASDAQ: TLPHHealthcareDrug Manufacturers - Specialty & GenericUSD
At close: Oct 8, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Dec 18, 2026
- Days to expiration
- 70
- Share price
- $1.08
- Put/call ratio (OI)
- 0.01
- Put/call ratio (volume)
- 2.27
- Expected move
- ±$0.0296
- Open interest (C / P)
- 1.50K / 22
TLPH options summary
The TLPH options chain for the December 18, 2026 expiration lists 6 call and 5 put contracts, with 70 days until expiration. Open interest stands at 1,501 calls and 22 puts, a put/call ratio of 0.01, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $1.00 strike is 6.3%, which implies the market expects a move of about ±$0.0296 (2.7%) in Talphera stock by expiration.
The most open interest sits at the $2.50 call (1.35K contracts) and the $0.50 put (20 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
TLPH options chain · December 18, 2026
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| 0.70 | 0.00 | 0.00 | 0.50 | 0.00 | 0.75 | 0.23 | |||||
| 0.22 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.10 | |||||
| 0.10 | 0.00 | 0.00 | 1.50 | 0.00 | 0.00 | 0.40 | |||||
| 0.20 | 0.00 | 0.75 | 2.00 | 0.00 | 0.00 | 0.95 | |||||
| 0.23 | 0.00 | 1.00 | 2.50 | 1.00 | 1.75 | 1.35 | |||||
| 0.25 | 0.00 | 4.60 | 5.00 | — | — | — | |||||
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 TLPH put/call ratio?
For the December 18, 2026 expiration, the TLPH put/call ratio based on open interest is 0.01 (22 puts vs 1,501 calls), and 2.27 based on today's volume. A ratio above 1 means more puts than calls.
What is TLPH's implied volatility?
At-the-money implied volatility for TLPH options expiring December 18, 2026 is about 6.3%, an annualized estimate of how much the market expects Talphera stock to move.
How many TLPH option expiration dates are there?
TLPH has 3 listed expiration dates, from Dec 18, 2026 to Mar 19, 2027.
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.