Talen Energy Corporation (TLN) IV/HV History
Comparing implied volatility to historical (realized) volatility reveals whether options are priced rich or cheap relative to actual price movement. Persistent gaps can signal trading opportunities.
Talen Energy Corporation (TLN) operates in the Utilities sector, specifically the Independent Power Producers industry, with a market capitalization near $16.04B, listed on NASDAQ, employing roughly 1,894 people, carrying a beta of 1.67 to the broader market. Talen Energy Corporation, an independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States. Led by Mark Allen McFarland, public since 2023-06-02.
Snapshot as of May 15, 2026.
- Spot Price
- $335.00
- ATM IV
- 60.3%
- HV 20-Day
- 63.6%
- HV 60-Day
- 57.0%
- IV Rank
- 84.3%
- IV Percentile
- 86.9%
As of May 15, 2026, Talen Energy Corporation (TLN) ATM implied volatility is 60.3%. 20-day realized volatility is 63.6%, producing an IV-HV spread of -3.3 vol points. Realized volatility currently exceeds implied, an inversion that can signal a pending IV expansion. IV rank is 84.3%.
How TLN iv/hv history Data Feeds Strategy Selection
Strategy selection on Talen Energy Corporation options does not derive from any single metric in isolation. The iv/hv history view above sits inside a broader read: ATM IV currently sits at 60.3% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the iv/hv history 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.
Learn how implied vs realized volatility is reported and how to read the data →
TLN highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $370.00 | Dec 18, 2026 | 1 | 5.2K | 58.4% | $48.00 | $53.70 |
| CALL | $450.00 | Aug 21, 2026 | 505 | 203 | 60.2% | $8.90 | $16.00 |
| PUT | $370.00 | Dec 18, 2026 | 2 | 3.1K | 58.4% | $73.00 | $79.00 |
| PUT | $310.00 | Dec 18, 2026 | 0 | 3.3K | 59.7% | $40.80 | $45.40 |
| PUT | $320.00 | Jun 18, 2026 | 75 | 1.1K | 59.9% | $15.50 | $16.90 |
| CALL | $430.00 | Dec 18, 2026 | 11 | 2.7K | 58.0% | $31.60 | $35.00 |
| PUT | $260.00 | Jan 15, 2027 | 0 | 4.0K | 60.8% | $22.20 | $26.90 |
Top 7 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked TLN iv/hv history questions
- Is TLN options pricing rich or cheap right now?
- As of May 15, 2026, Talen Energy Corporation (TLN) ATM IV is 60.3% against 20-day realized volatility of 63.6%. IV rank is 84.3%. Realized volatility currently exceeds implied: an inversion of the typical equity volatility risk premium that often precedes IV expansion.
- What is the TLN variance risk premium?
- The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. TLN is currently pricing inverted to the historical pattern, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does TLN IV rank mean for strategy selection?
- IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. TLN's current rank of 84.3% signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.