Talen Energy Corporation (TLN)
NASDAQ: TLN
· Real-Time Price · USD
377.89
-2.71 (-0.71%)
At close: Aug 15, 2025, 3:59 PM
376.00
-0.50%
Pre-market: Aug 18, 2025, 09:25 AM EDT
TLN Delta Exposure By Expiry
The total Delta Exposure (DEX) for TLN across all expirations shows 9,899,477.35 net shares that market makers must hedge, with 11,101,614.73 from calls and 1,202,137.38 from puts. The put-call delta ratio of 0.11 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Nov 21, 25 with 4,744,072.09 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
TLN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 84,175.33 | -41,942.92 | 42,232.41 | 0.50 |
| Aug 29, 25 | 84,908.79 | -39,115.31 | 45,793.48 | 0.46 |
| Sep 5, 25 | 17,344.36 | -16,357.3 | 987.06 | 0.94 |
| Sep 12, 25 | 13,375 | -1,535.54 | 11,839.46 | 0.11 |
| Sep 19, 25 | 2,251,779.05 | -469,156.62 | 1,782,622.43 | 0.21 |
| Sep 26, 25 | 3,289.91 | -15,400.32 | -12,110.41 | 4.68 |
| Oct 17, 25 | 673,019.49 | -120,864.82 | 552,154.67 | 0.18 |
| Nov 21, 25 | 5,023,554.59 | -279,482.5 | 4,744,072.09 | 0.06 |
| Dec 19, 25 | 1,844,565.61 | -117,368.75 | 1,727,196.86 | 0.06 |
| Jan 16, 26 | 413,063.54 | -61,623.19 | 351,440.35 | 0.15 |
| Feb 20, 26 | 171,743.64 | -26,869.55 | 144,874.09 | 0.16 |
| Mar 20, 26 | 20,743.87 | -10.62 | 20,733.25 | 0.00 |
| May 15, 26 | 440.31 | -112.59 | 327.72 | 0.26 |
| Jun 18, 26 | 9,993.47 | -1,089.15 | 8,904.32 | 0.11 |
| Aug 21, 26 | 761.57 | -63.59 | 697.98 | 0.08 |
| Nov 20, 26 | 122.04 | 0 | 122.04 | 0.00 |
| Dec 18, 26 | 419,437.43 | -7,672.39 | 411,765.04 | 0.02 |
| Jun 17, 27 | 69,296.73 | -3,472.22 | 65,824.51 | 0.05 |