Texas Pacific Land (TPL) Options Chain

NYSE: TPLEnergyOil & Gas ProductionUSD

357.77+11.98 (+3.46%)

At close: Oct 8, 3:59 PM ET · Delayed 15 min

After hours: 357.78 +0.00%

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 8
Share price: $357.78
Put/call ratio (OI): 0.48
Put/call ratio (volume): 0.99
ATM implied volatility: 44.1%
Expected move: ±$23.35
Open interest (C / P): 6.96K / 3.31K

TPL options summary

The TPL options chain for the October 16, 2026 expiration lists 51 call and 58 put contracts, with 8 days until expiration. Open interest stands at 6,965 calls and 3,314 puts, a put/call ratio of 0.48, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $360.00 strike is 44.1%, which implies the market expects a move of about ±$23.35 (6.5%) in Texas Pacific Land stock by expiration.

The most open interest sits at the $550.00 call (838 contracts) and the $300.00 put (1.12K contracts).

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

TPL options chain · October 16, 2026

TPL 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
—	—	—	—	—	—	190.00	0.00	10.00	0.73	300.1%	3	4
—	—	—	—	—	—	200.00	0.00	7.00	1.30	256.0%	—	1
—	—	—	—	—	—	220.00	0.00	0.00	2.20	50.0%	—	0
—	—	—	—	—	—	230.00	0.00	1.00	0.10	139.2%	10	14
4	1	151.1%	97.70	115.20	123.00	240.00	0.00	0.05	0.25	89.1%	1	23
—	—	—	—	—	—	250.00	0.00	4.90	0.25	158.0%	1	16
—	—	—	—	—	—	260.00	0.00	0.00	0.05	50.0%	2	0
—	—	—	—	—	—	270.00	0.00	0.20	0.10	74.8%	2	28
307	200	101.8%	101.25	75.30	83.00	280.00	0.00	0.30	0.15	69.6%	1	111
484	1	91.4%	65.83	65.30	73.20	290.00	0.00	3.00	0.13	91.8%	2	64
726	10	68.9%	56.95	55.20	61.90	300.00	0.10	0.35	0.11	55.4%	24	1,120
0	340	—	56.85	0.00	0.00	310.00	0.10	0.55	0.68	54.4%	2	89
57	1	71.7%	35.80	35.70	41.00	320.00	0.40	0.60	0.45	45.3%	40	119
104	84	61.4%	22.00	26.20	31.50	330.00	0.95	1.70	1.85	46.5%	8	260
51	1	58.6%	18.75	18.70	23.60	340.00	2.20	3.10	2.50	43.2%	17	183
172	15	51.4%	14.10	13.10	15.70	350.00	5.10	8.30	5.50	53.2%	2	173
TPL $357.78
168	19	47.0%	7.80	5.70	9.50	360.00	9.50	10.40	9.70	41.1%	102	260
183	6	45.1%	4.30	4.50	5.30	370.00	14.50	17.70	20.10	46.0%	108	290
149	3	45.0%	2.25	2.05	2.85	380.00	20.30	27.50	22.95	58.9%	1	94
218	4	43.9%	1.23	0.75	1.30	390.00	30.40	35.70	50.51	60.3%	8	22
244	10	45.7%	0.73	0.00	0.70	400.00	39.40	45.40	45.33	68.7%	4	326
227	6	80.9%	0.29	0.05	7.00	410.00	49.20	55.30	80.52	77.6%	1	2
132	2	68.2%	1.22	0.00	2.45	420.00	58.60	65.00	59.00	84.1%	1	0
50	8	89.4%	0.77	0.00	4.90	430.00	0.00	0.00	76.00	—	400	0
54	1	97.3%	1.39	0.00	4.90	440.00	77.80	85.00	73.31	100.5%	3	0
226	2	68.3%	0.20	0.00	0.50	450.00	87.80	95.20	98.40	110.1%	4	17
217	1	112.0%	0.18	0.00	4.90	460.00	99.00	105.00	100.10	115.5%	3	5
29	1	119.0%	0.30	0.00	4.90	470.00	0.00	0.00	124.38	—	1	0
207	1	102.2%	0.20	0.00	1.75	480.00	104.50	110.20	69.41	—	1	15
131	1	132.2%	0.15	0.00	4.90	490.00	111.30	119.70	84.30	—	1	37
488	29	115.0%	0.10	0.00	1.90	500.00	0.00	0.00	122.00	—	1	0
27	1	141.9%	0.05	0.00	4.50	510.00	0.00	0.00	156.80	—	8	0
153	1	80.9%	0.10	0.00	0.05	520.00	0.00	0.00	129.00	—	1	0
18	2	131.9%	0.20	0.00	2.00	530.00	167.10	175.00	140.10	160.4%	1	0
0	1	50.0%	1.57	0.00	0.00	540.00	0.00	0.00	184.88	—	3	0
838	10	91.4%	0.05	0.00	0.05	550.00	137.30	143.40	81.00	—	1	14
128	1	172.3%	0.30	0.00	4.90	560.00	146.10	150.60	93.20	—	1	7
0	4	50.0%	2.20	0.00	0.00	570.00	154.90	160.30	98.70	—	1	3
148	30	135.1%	0.85	0.00	0.75	580.00	161.10	166.00	104.30	—	3	7
22	3	187.3%	1.08	0.00	4.90	590.00	0.00	0.00	112.60	—	—	0
0	1	50.0%	0.61	0.00	0.00	600.00	0.00	0.00	125.10	—	—	0
0	2	50.0%	5.60	0.00	0.00	610.00	188.20	193.00	123.50	—	2	1
30	1	201.3%	1.55	0.00	4.90	620.00	196.90	204.00	134.55	—	6	3
6	1	205.8%	1.50	0.00	4.90	630.00	268.10	275.00	296.00	210.8%	39	0
0	1	50.0%	3.90	0.00	0.00	640.00	0.00	0.00	136.50	—	—	0
489	3	214.4%	0.51	0.00	4.90	650.00	0.00	0.00	147.55	—	—	0
53	1	239.2%	1.30	0.10	7.70	660.00	235.10	241.00	163.35	—	—	6
4	1	187.6%	3.67	0.00	1.70	670.00	0.00	0.00	162.35	—	—	0
5	1	261.6%	10.31	0.10	10.00	680.00	0.00	0.00	171.10	—	—	0
0	14	50.0%	3.13	0.00	0.00	690.00	328.10	335.00	356.00	236.0%	39	0
157	1	206.4%	1.00	0.00	2.25	700.00	322.60	330.80	277.80	—	1	0
12	1	252.4%	6.00	0.00	6.70	710.00	320.20	329.10	289.00	—	1	0
9	4	277.6%	26.00	0.00	10.00	720.00	0.00	0.00	210.40	—	—	0
72	9	262.9%	3.80	0.00	7.10	730.00	305.00	315.00	244.50	—	1	0
58	2	249.2%	0.20	0.00	4.90	740.00	0.00	0.00	224.50	—	—	0
16	2	277.8%	23.90	0.35	7.30	760.00	0.00	0.00	241.65	—	—	0
27	5	249.9%	2.28	0.00	3.60	780.00	0.00	0.00	257.80	—	—	0
65	24	198.1%	0.25	0.00	0.50	800.00	375.00	385.00	328.20	—	1	0

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 TPL put/call ratio?

For the October 16, 2026 expiration, the TPL put/call ratio based on open interest is 0.48 (3,314 puts vs 6,965 calls), and 0.99 based on today's volume. A ratio above 1 means more puts than calls.

What is TPL's implied volatility?

At-the-money implied volatility for TPL options expiring October 16, 2026 is about 44.1%, an annualized estimate of how much the market expects Texas Pacific Land stock to move.

How many TPL option expiration dates are there?

TPL has 4 listed expiration dates, from Oct 16, 2026 to Apr 16, 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.