What is the TFPM options turnover ratio?

As of Oct 13, 2026, TFPM turnover ratio is 0.02 (232 contracts traded against 15.3K contracts outstanding). A turnover ratio below 0.5 is typical maintenance flow against existing positions.

Where is TFPM open interest concentrated?

Gamma concentration is 0.74: open interest clusters at a few strikes, creating localized hedging pressure that often pins price. The full per-strike open-interest distribution is visible in the chain view.

Why does volume-open-interest matter for TFPM options?

Volume tells you what is being traded today; open interest tells you what was already there. The combination separates opening flow (today's volume building new positions) from closing flow (today's volume unwinding existing ones), and locates the strikes that carry hedging-driven support or resistance based on dealer-gamma concentration.

Triple Flag Precious Metals Corp. (TFPM) Volume & Open Interest

Volume and open interest by strike show where trading activity and outstanding positions are concentrated. Clusters of OI often act as support and resistance levels.

Triple Flag Precious Metals Corp. (TFPM) operates in the Basic Materials sector, specifically the Other Precious Metals industry, with a market capitalization near $6.36B, listed on NYSE, employing roughly 20 people, carrying a beta of 0.31 to the broader market. Triple Flag Precious Metals Corp. Led by Sheldon Vanderkooy, public since 2022-08-30.

Snapshot as of Oct 13, 2026.

Spot Price: $30.84
Total Volume: 232
Total OI: 15.3K
Call OI: 9.4K
Put OI: 5.9K
Gamma Concentration: 0.74

As of Oct 13, 2026, Triple Flag Precious Metals Corp. (TFPM) has 232 contracts traded today against 15.3K contracts outstanding. Open interest breaks down as 9.4K calls and 5.9K puts. Turnover ratio is 0.02: typical maintenance flow relative to existing positions. Gamma concentration is 0.74: open interest clusters at a few strikes, creating localized hedging pressure. Comparing today's volume to accumulated open interest reveals whether flow is opening new positions or closing existing ones, with heavy OI strikes often acting as support and resistance.

How TFPM volume & open interest Data Feeds Strategy Selection

Strategy selection on Triple Flag Precious Metals Corp. options does not derive from any single metric in isolation. The volume & open interest view above sits inside a broader read: ATM IV currently sits at 32.4% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the volume & open interest data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

How to read the TFPM volume and OI data

Splitting Triple Flag Precious Metals Corp. contract activity into volume (daily flow) and open interest (cumulative inventory) per strike separates trading flow from accumulated positioning. Current put/call ratio is 1.42, put-heavy - protective or bearish positioning dominates. Total call OI of 9.4K versus put OI of 5.9K gives a put/call OI ratio of 0.63 - structurally a slower-moving signal than the volume-based ratio.

TFPM flow vs positioning

Volume tells you what flows happened today; OI tells you what positions accumulated. Both can move in opposite directions: rising volume with falling OI means contracts are being closed (covering); rising volume with rising OI means new positions are being opened. The combination matters more than either alone for reading sentiment. The per-strike grid distinguishes the strikes attracting flow today from the strikes carrying accumulated inventory - high volume at strikes that also carry high OI typically means rolling activity (closing front-month, opening longer-dated), high volume at low-OI strikes typically means fresh directional positioning. Combined with the current negative dealer-gamma regime, large OI clusters tend to act as price repellents that accelerate moves through key strikes.

Using TFPM OI/volume data alongside other surfaces

Per-strike OI is the input to dealer-gamma calculations: strikes with elevated call OI generate gamma walls that dealers must hedge into as spot approaches them. The gamma-exposure page combines this distribution with the dealers' assumed-long-gamma assumption to project hedge flow. Volume cross-checks recent positioning shifts in the chain that haven't yet shown up in cumulative OI. Pair both with the term-structure view on the volatility page to determine whether the activity is concentrated in near-dated event hedging or longer-dated structural positioning. Front-month expiration for TFPM sits at 38 days, so near-dated volume currently dominates the flow reading.

Learn how volume and open interest is reported and how to read the data →

Frequently asked TFPM volume & open interest questions

What is the TFPM options turnover ratio?: As of Oct 13, 2026, TFPM turnover ratio is 0.02 (232 contracts traded against 15.3K contracts outstanding). A turnover ratio below 0.5 is typical maintenance flow against existing positions.
Where is TFPM open interest concentrated?: Gamma concentration is 0.74: open interest clusters at a few strikes, creating localized hedging pressure that often pins price. The full per-strike open-interest distribution is visible in the chain view.
Why does volume-open-interest matter for TFPM options?: Volume tells you what is being traded today; open interest tells you what was already there. The combination separates opening flow (today's volume building new positions) from closing flow (today's volume unwinding existing ones), and locates the strikes that carry hedging-driven support or resistance based on dealer-gamma concentration.