Utilities

Talen Energy Corporation (TLN) options and signal

Figures as of 28 Sep 2026

TLN is Talen Energy Corporation, an Utilities name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	69 of 100	28 Sep
At the money IV	56.1%	28 Sep
Priced move to 30 Oct	15.4% down, 15.9% up	28 Sep
Call wall and put wall	400 and 310	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	303.50	28 Sep
Next report	4 Nov 2026	28 Sep

Options Snapshot

TLN's IV rank is 69 of 100 on 28 Sep 2026.

Figure	Value
IV rank	69 of 100
At the money IV	56.1%, near month, 32 days
Put/call ratio, open interest	0.49
Call open interest, strikes captured near the price	50,600 contracts
Put open interest, strikes captured near the price	24,700 contracts
Cost to trade at the money	Fair, 28.7% of the option's mid price

IV rank is where the at the money IV sits among TLN's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, TLN options priced a move of 15.4 percent down and 15.9 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	5.8%	5.9%	286.00 to 321.50
9 Oct 2026	11	9.2%	9.7%	275.60 to 332.90
23 Oct 2026	25	16.6%	13.7%	253.10 to 345.20
30 Oct 2026	32	15.4%	15.9%	256.80 to 351.70
18 Dec 2026	81	24.1%	26.7%	230.30 to 384.50
15 Jan 2027	109	28.8%	31.3%	216.20 to 398.60
19 Mar 2027	172	34.9%	39.5%	197.50 to 423.50

The range is one standard deviation either side of the close of 303.50, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, TLN's call wall is the 400 strike and its put wall is the 310 strike.

Figure	Value
Call wall, most open call gamma	400
Put wall, most open put gamma	310
Net dollar gamma, calls minus puts	$4.48 million
Total dollar gamma, both sides	$27.51 million
Close	303.50

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 2 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, TLN's at the money IV is 56.1 percent against 20 day realized volatility of 43.6 percent.

Figure	Value
At the money IV	56.1%
Realized volatility, 20 trading days	43.6%
Realized volatility, 60 trading days	51.4%
IV against its own weekly record	In the middle
Weekly readings on record	90, from 26 Jul 2024
Weeks the price moved more than the one week priced move	27.0% of 89 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, TLN's at the money IV runs from 57.4 percent at 4 days to 55.9 percent at 172 days.

Days to expiry	At the money IV
4	57.4%
11	57.0%
18	54.7%
25	53.5%
53	56.3%
81	55.8%
109	54.6%
172	55.9%

Near expiries price more volatility than far ones, an inverted term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, TLN's IV ten percent below the price sits 5.1 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	51.0%	-5.1 points
At the money	56.1%	0.0 points
10% above the price	50.3%	-5.8 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, TLN's surface spans 10 expiries out to 172 days, with IV from 50.1 to 63.0 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	91
Lowest IV among them	50.1%
Highest IV among them	63.0%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, TLN has 10 captured expiries, from 2 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	57.4%	378	1,792
9 Oct 2026	11	57.0%	126	164
16 Oct 2026	18	54.7%	8,432	4,061
23 Oct 2026	25	53.5%	181	107
30 Oct 2026	32	56.1%	25	119
20 Nov 2026	53	56.3%	10,691	1,400
18 Dec 2026	81	55.8%	12,596	8,169
15 Jan 2027	109	54.6%	13,484	8,103
19 Feb 2027	144	54.7%	1,158	384
19 Mar 2027	172	55.9%	3,498	411

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, TLN's largest open interest sits at the 400 strike, with 9,065 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
400	8,827	238	9,065
370	5,235	1,455	6,690
310	1,326	4,911	6,237
430	4,848	41	4,889
260	85	4,339	4,424
410	4,379	45	4,424

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, TLN's at the money IV moved from 53.5 percent to 56.1 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	53.5%	56.1%	+2.6 points
Open interest, strikes captured near the price	74,240	75,279	+1,039
Put/call ratio, open interest	0.49	0.49	-0.01

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 8,898 TLN option contracts traded, 1.4 times its own recent average.

Figure	Value
Calls traded	6,952
Puts traded	1,946
Against its recent average	1.4 times
Busier than	10 of its last 20 trading days
Open interest, whole chain	92,138 contracts
Volume to open interest	0.10
Unusual volume flag	No

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of TLN's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	357.88	$2.85 million	370	370
21 Sep 2026	299.97	minus $2.58 million	350	310
28 Sep 2026	303.50	$4.48 million	400	310

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of TLN was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	330.63, the swing high of 8 Sep 2026
Level below the close	302.96, the swing low of 17 Sep 2026, a close past it runs against the view
The chart	Sits against the view
Strategy family	Cash-secured put (sell a put below the price)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Rank by Timeframe

On 25 Sep 2026 TLN sat at the 93rd percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	43 of 100	Neutral
20 trading days	69 of 100	Neutral
45 trading days	93 of 100	Bullish

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026, 1 of 3 timeframes put TLN on the bullish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 of 2
Long	45 day	Bullish	1 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Signal History

On 25 Sep 2026 TLN had carried no signal for 4 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	93 of 100
24 Sep 2026	None	83 of 100
23 Sep 2026	None	68 of 100
22 Sep 2026	None	75 of 100
21 Sep 2026	Bullish	96 of 100
18 Sep 2026	None	90 of 100
17 Sep 2026	Bullish	97 of 100
16 Sep 2026	None	74 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Sector Split

On 25 Sep 2026, 20 of 35 Utilities names were bullish and 11 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Utilities	35	20	11	4

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

TLN closed at 303.50 on 28 Sep 2026.

Figure	Value
Last close	303.50
Change over 5 trading days	+1.2%
Change over 21 trading days	-0.4%
Change over 63 trading days	-24.0%
Change over 252 trading days	-26.1%
52 week high	451.28
52 week low	279.77
20 day moving average	301.42
50 day moving average	323.27
200 day moving average	352.70
RSI, 14 days	47

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

TLN reports next on 4 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	4 Nov 2026, after the close
Date	Confirmed by the company
Move after the report of 5 Aug 2026	+2.6%
Move after the report of 29 Jul 2026	+5.2%
Move after the report of 30 Apr 2026	-0.1%
Move after the report of 28 Jan 2026	-0.8%

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Seasonality

In the 3 Septembers on record, TLN's average change was plus 9.1 percent, and it rose in 66.7 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+9.1%	+12.3%	66.7%	3
October	-1.4%	+0.1%	66.7%	3
November	+8.4%	+8.2%	66.7%	3

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 1 headline naming TLN in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	1
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is TLN's IV rank?: TLN's IV rank is 69 of 100 on 28 Sep 2026.
What move are TLN options pricing?: On 28 Sep 2026, TLN options priced a move of 15.4 percent down and 15.9 percent up by 30 Oct 2026.
Where are TLN's call wall and put wall?: On 28 Sep 2026, TLN's call wall is the 400 strike and its put wall is the 310 strike.
What was the desk's latest view of TLN on the Free plan?: On 25 Sep 2026 the desk's view of TLN was bullish, paper trading.
When does TLN report earnings next?: TLN reports next on 4 Nov 2026, a date confirmed by the company.

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