2.68K calls and 1.19K puts traded on Nov 4, 2026, 3.87K contracts in total. Open interest was 123.09K contracts. Over the past 30 days, volume averaged 4.75K contracts per day. The TLN option volume chart shows volume by strike and expiration date.

Talen Energy IV rank is 58, so its 30-day implied volatility of 61.5% is near the middle of its one-year range. Over the past year it ranged from 45.8% on Dec 24, 2025 to 72.9% on Aug 4, 2026. See the TLN implied volatility history for a longer view.

The Talen Energy put/call volume ratio was 0.45 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 0.66. The TLN open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Talen Energy options about one week from expiration was $356.79, 9.2% above the $326.64 close. The TLN max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 78.7%, options price a move of about ±$35.59 (±10.9%) over the next week, a range of roughly $291.05 to $362.23 from the Nov 4, 2026 close. The TLN expected move chart shows it for every expiration date.