What does the TRTX options chain show right now?

As of Oct 14, 2026, TPG RE Finance Trust, Inc. (TRTX) has 24.3K contracts outstanding and 11 traded today, with ATM IV of 25.6%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.

What expirations are available for TRTX options?

The nearest expiration is 37 days out, followed by 93 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.

How tight are TRTX options bid/ask spreads?

Average bid/ask spread across the chain is 40.88%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.

TPG RE Finance Trust, Inc. (TRTX) Options Chain

The options chain displays all available contracts with end-of-day quotes, Greeks, volume, and open interest for each strike and expiration, and streams live quotes for traders who connect a broker. It is the primary tool for options trade selection.

TPG RE Finance Trust, Inc. (TRTX) operates in the Real Estate sector, specifically the REIT - Mortgage industry, with a market capitalization near $443.0M, listed on NYSE, carrying a beta of 1.53 to the broader market. TPG RE Finance Trust, Inc. Led by Doug Bouquard, public since 2017-07-20.

Snapshot as of Oct 14, 2026.

Spot Price: $5.63
Total OI: 24.3K
Total Volume: 11
Front Expiration: 37 days
Second Expiration: 93 days
ATM IV: 25.6%
Avg Bid/Ask Spread: 40.88%

As of Oct 14, 2026, TPG RE Finance Trust, Inc. (TRTX) has 24.3K open contracts and 11 contracts traded. The nearest expiration is 37 days out, followed by 93 days. ATM implied volatility is 25.6%. Average bid/ask spread across the chain is 40.88%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.

How TRTX options chain Data Feeds Strategy Selection

Strategy selection on TPG RE Finance Trust, Inc. options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 25.6% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the options chain 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 TRTX chain depth

The listed-expirations table below shows every expiration available for TPG RE Finance Trust, Inc. options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. TRTX front expiration sits at 37 days - the typical hedging horizon for monthly options. The contango term-structure slope of 0.106 means longer-dated tenors price in proportionally more IV.

TRTX chain mechanics and execution

Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the TRTX chain is 40.88% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.

Using the TRTX chain to build structures

Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. TRTX's current 7.34% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.

Learn how the options chain is reported and how to read the data →

TRTX listed expirations

Per-expiration ATM implied volatility for TRTX options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.

Expiration	DTE	ATM IV
Oct 16, 2026	2	271.6%
Nov 20, 2026	37	25.6%
Jan 15, 2027	93	36.2%
Apr 16, 2027	184	16.8%

Frequently asked TRTX options chain questions

What does the TRTX options chain show right now?: As of Oct 14, 2026, TPG RE Finance Trust, Inc. (TRTX) has 24.3K contracts outstanding and 11 traded today, with ATM IV of 25.6%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
What expirations are available for TRTX options?: The nearest expiration is 37 days out, followed by 93 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
How tight are TRTX options bid/ask spreads?: Average bid/ask spread across the chain is 40.88%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.