# TEXAS PACIFIC LAND TRUST (TPL) Option Chains

> TPL option chain: calls and puts by expiration with bid, ask, last and theoretical price, volume, open interest, implied volatility and Greeks.

Data as of Nov 10, 2026 (end of day).

## TPL quote

| Field | Value |
|---|---|
| Last | 274.63 |
| Change | -3.65 |
| Open | 273.56 |
| Previous | 278.28 |
| High | 284.62 |
| Low | 273.00 |
| Bid | - |
| Ask | - |
| Volume | 481,869 |
| Trades | - |
| Dividend | 0.60 |
| Yield | 0.87% |
| Ex-Div | Dec 1, 2026 |
| Split Date | Dec 23, 2025 |
| Impl Vol | 49.5% |
| Hist Vol | 49.6% |
| Opt Volume | 1,569 |
| Open Int | 21,799 |

Calls and puts, near-the-money strikes, expirations through the end of the second month out. Stock price: 274.63.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 2027-04-16, 2027-09-17.

**Price** is the last trade, **TPrice** the theoretical value (Black-Scholes on historical volatility), **IVol** the implied volatility. **NS** is the contract type: S standard, W weekly, Q quarterly, FR fixed return, NS non-standard (adjusted). A contract's daily price history: `/quotes/option-prices.md?optsym=<Symbol>`.

Change the view with query parameters: `expirations` (1, 2, 3, 6, 9 or -1 for all), `expiry` (YYYY-MM-DD, one expiration), `range` (ntm, otm, itm, all), `putcall` (C, P), `strike` (one strike across expirations), `date` (an earlier session, subscribers). Example: `/quotes/stock-option-chains/TPL.md?expirations=-1&range=all`.

## Expires Nov 20, 2026

### Calls

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 250.00 | TPL 261120C00250000 | 25.90 | 31.20 | 30.50 | 35.26 | 0 | 1 | 87.25% | 0.7652 | -0.6099 | 0.1396 | 0.0077 | 0.0492 | S |
| 270.00 | TPL 261120C00270000 | 11.10 | 14.20 | 15.20 | 23.72 | 36 | 35 | 56.54% | 0.5905 | -0.5000 | 0.1767 | 0.0151 | 0.0410 | S |
| 280.00 | TPL 261120C00280000 | 5.40 | 8.90 | 9.20 | 19.09 | 2 | 28 | 52.41% | 0.4288 | -0.4679 | 0.1785 | 0.0165 | 0.0303 | S |
| 290.00 | TPL 261120C00290000 | 3.10 | 5.50 | 5.51 | 15.19 | 0 | 20 | 54.70% | 0.2892 | -0.4252 | 0.1554 | 0.0137 | 0.0206 | S |
| 300.00 | TPL 261120C00300000 | 1.25 | 3.10 | 2.05 | 11.94 | 26 | 136 | 52.83% | 0.1669 | -0.3004 | 0.1137 | 0.0104 | 0.0120 | S |

### Puts

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 250.00 | TPL 261120P00250000 | 1.10 | 2.20 | 1.15 | 10.04 | 4 | 144 | 47.31% | -0.1076 | -0.1990 | 0.0841 | 0.0086 | -0.0084 | S |
| 260.00 | TPL 261120P00260000 | 1.85 | 5.10 | 2.28 | 13.86 | 3 | 42 | 42.00% | -0.2054 | -0.2714 | 0.1293 | 0.0149 | -0.0161 | S |
| 270.00 | TPL 261120P00270000 | 5.60 | 8.20 | 6.73 | 18.45 | 4 | 125 | 49.27% | -0.4014 | -0.4327 | 0.1758 | 0.0173 | -0.0320 | S |
| 280.00 | TPL 261120P00280000 | 10.30 | 15.00 | 10.10 | 23.80 | 5 | 40 | 53.18% | -0.5697 | -0.4744 | 0.1786 | 0.0163 | -0.0463 | S |
| 290.00 | TPL 261120P00290000 | 14.80 | 20.90 | 15.04 | 29.87 | 0 | 35 | 114.56% | -0.5762 | -1.0192 | 0.1780 | 0.0075 | -0.0515 | S |
| 300.00 | TPL 261120P00300000 | 22.80 | 29.60 | 24.55 | 36.61 | 0 | 235 | 114.08% | -0.6456 | -0.9643 | 0.1691 | 0.0072 | -0.0586 | S |

## Expires Dec 18, 2026

### Calls

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 270.00 | TPL 261218C00270000 | 18.40 | 22.10 | 22.18 | 49.58 | 2 | 6 | 50.78% | 0.5749 | -0.2340 | 0.3474 | 0.0087 | 0.1433 | S |
| 280.00 | TPL 261218C00280000 | 11.90 | 17.30 | 16.55 | 45.16 | 0 | 15 | 53.48% | 0.4908 | -0.2503 | 0.3536 | 0.0084 | 0.1231 | S |
| 290.00 | TPL 261218C00290000 | 8.90 | 13.20 | 12.20 | 41.07 | 1 | 16 | 51.96% | 0.4059 | -0.2361 | 0.3437 | 0.0084 | 0.1034 | S |
| 300.00 | TPL 261218C00300000 | 6.30 | 10.20 | 9.31 | 37.31 | 3 | 20 | 52.49% | 0.3321 | -0.2230 | 0.3218 | 0.0078 | 0.0852 | S |

### Puts

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 250.00 | TPL 261218P00250000 | 4.80 | 6.50 | 6.20 | 25.14 | 36 | 167 | 46.09% | -0.2393 | -0.1664 | 0.2751 | 0.0076 | -0.0749 | S |
| 260.00 | TPL 261218P00260000 | 7.50 | 10.90 | 8.80 | 29.58 | 3 | 31 | 43.75% | -0.3224 | -0.1823 | 0.3180 | 0.0093 | -0.1013 | S |
| 270.00 | TPL 261218P00270000 | 11.60 | 15.70 | 13.00 | 34.40 | 4 | 55 | 43.56% | -0.4232 | -0.1978 | 0.3471 | 0.0101 | -0.1345 | S |
| 280.00 | TPL 261218P00280000 | 16.80 | 19.70 | 16.90 | 39.58 | 3 | 29 | 39.59% | -0.5339 | -0.1819 | 0.3524 | 0.0113 | -0.1702 | S |
| 290.00 | TPL 261218P00290000 | 23.30 | 26.40 | 22.01 | 45.11 | 0 | 79 | 44.33% | -0.6205 | -0.1948 | 0.3375 | 0.0097 | -0.2033 | S |
| 300.00 | TPL 261218P00300000 | 30.50 | 34.60 | 30.70 | 50.96 | 0 | 55 | 40.00% | -0.7316 | -0.1514 | 0.2924 | 0.0093 | -0.2412 | S |

## Expires Jan 15, 2027

### Calls

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 250.00 | TPL 270115C00250000 | 32.80 | 40.50 | 150.00 | 81.91 | 0 | 1 | 49.50% | 0.7124 | -0.1540 | 0.3993 | 0.0059 | 0.2874 | S |
| 260.00 | TPL 270115C00260000 | 27.70 | 33.70 | 48.10 | 77.07 | 0 | 15 | 49.60% | 0.6455 | -0.1674 | 0.4355 | 0.0064 | 0.2650 | S |
| 270.00 | TPL 270115C00270000 | 23.50 | 27.30 | 27.60 | 72.49 | 1 | 1 | 49.54% | 0.5769 | -0.1751 | 0.4580 | 0.0068 | 0.2405 | S |
| 280.00 | TPL 270115C00280000 | 18.50 | 21.00 | 21.50 | 68.17 | 4 | 31 | 47.23% | 0.5048 | -0.1696 | 0.4665 | 0.0072 | 0.2149 | S |
| 290.00 | TPL 270115C00290000 | 13.70 | 18.90 | 17.50 | 64.08 | 4 | 22 | 50.81% | 0.4456 | -0.1801 | 0.4621 | 0.0067 | 0.1896 | S |
| 300.00 | TPL 270115C00300000 | 11.40 | 14.00 | 13.20 | 60.22 | 510 | 1,149 | 48.61% | 0.3757 | -0.1650 | 0.4435 | 0.0067 | 0.1627 | S |

### Puts

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 250.00 | TPL 270115P00250000 | 5.40 | 10.00 | 11.50 | 28.34 | 0 | 301 | 39.21% | -0.2567 | -0.1110 | 0.3765 | 0.0070 | -0.1414 | S |
| 260.00 | TPL 270115P00260000 | 11.30 | 14.90 | 10.60 | 32.34 | 0 | 14 | 43.50% | -0.3468 | -0.1407 | 0.4314 | 0.0073 | -0.1959 | S |
| 270.00 | TPL 270115P00270000 | 15.30 | 19.20 | 16.98 | 36.60 | 3 | 11 | 42.00% | -0.4246 | -0.1437 | 0.4580 | 0.0080 | -0.2416 | S |
| 280.00 | TPL 270115P00280000 | 20.50 | 26.20 | 21.20 | 41.12 | 10 | 259 | 39.58% | -0.5100 | -0.1371 | 0.4664 | 0.0086 | -0.2916 | S |
| 290.00 | TPL 270115P00290000 | 25.70 | 31.70 | 26.80 | 45.87 | 6 | 44 | 38.35% | -0.5974 | -0.1281 | 0.4527 | 0.0087 | -0.3452 | S |
| 300.00 | TPL 270115P00300000 | 31.20 | 37.40 | 33.01 | 50.86 | 0 | 1,936 | 36.59% | -0.6859 | -0.1110 | 0.4153 | 0.0083 | -0.4004 | S |

## More for TPL

- [Quote](https://www.optionistics.com/quotes/stock-quotes/TPL.md)
- [Option chain](https://www.optionistics.com/quotes/stock-option-chains/TPL.md)
- [Price history](https://www.optionistics.com/quotes/stock-prices/TPL.md)
- [10 day snapshot](https://www.optionistics.com/snapshot.md?symbol=TPL)
- [Strike Pegger (max pain)](https://www.optionistics.com/quotes/strike-pegger/TPL.md)
- [Volatility skew](https://www.optionistics.com/screener/volatility-skew/TPL.md)
- [Put/call ratio](https://www.optionistics.com/screener/put-call-ratio/TPL.md)
- [Trade finder](https://www.optionistics.com/screener/stock-trade-finder/TPL.md)

---

From [Optionistics](https://www.optionistics.com), options analytics since 2005. Site map for AI agents: https://www.optionistics.com/llms.txt
