TPL Gamma Exposure, IV Rank & Implied Volatility
Texas Pacific Land Corporation (TPL) options data — GEX, IV rank, options chain & Greeks
TPL options trade with implied volatility typically in the 22% - 50% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
An IV rank near 15.5 (the value shown here is illustrative) would mean implied volatility is in roughly the 15.5th percentile of its 1-year range — low IV, premium-buying regime for long calls/puts and debit spreads. For today's live TPL IV rank from ORATS, open the dashboard.
Chart shows simulated data for display purposes. View the real TPL IV history on the live platform →
Comprehensive options market data for Texas Pacific Land Corporation (TPL).
TPL Options at a Glance
What's Covered in This Guide
1 About Texas Pacific Land Corporation (TPL)
Texas Pacific Land owns a vast acreage position in the Permian Basin, generating revenue from oil and gas royalties, water services, and land sales. It has minimal operating costs.
Company Profile
Key Dates
Texas Pacific Land Corporation operates in the Energy sector.
2 TPL Options Market Overview
TPL options provide good liquidity for options traders.
Liquidity Assessment: Good
TPL options are available for trading across multiple expirations.
3 TPL Implied Volatility & IV Rank
TPL implied volatility is influenced by commodity prices, OPEC decisions, and geopolitical events. Energy stocks see elevated volatility during oil price instability.
Earnings Impact
IV typically expands before earnings and contracts after the announcement.
The post-earnings volatility drop is known as IV crush. Holders of short TPL options should also understand early assignment risk around dividends and expiration.
Historical Volatility vs IV
TPL IV generally trades near historical volatility, with premiums expanding around earnings.
Term Structure
Typically upward sloping under normal conditions.
TPL Gamma Exposure (GEX)
Gamma Exposure analysis for TPL reveals dealer hedging dynamics at key strike levels.
Typical GEX Profile: TPL tends to operate in a positive gamma environment during normal conditions.
Key Levels:
Dealer Hedging:
4 Common TPL Options Strategies
These are strategies commonly used by traders on TPL options, based on typical market characteristics. This is not investment advice.
Popular for TPL shareholders seeking additional income.
Defined-risk directional exposure on TPL.
Range-bound strategy for TPL between events.
Key Considerations for TPL Options
- TPL options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
- Monitor earnings dates for IV expansion/contraction patterns
- Consider the stock's beta when sizing positions
Frequently Asked Questions: TPL Options
What is TPL's typical implied volatility?
TPL implied volatility typically ranges from 22% - 50%.
Does TPL have weekly options?
TPL offers weekly options.
What is TPL's options trading profile?
TPL (Texas Pacific Land Corporation) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 22% - 50% range. The position sits in the Energy category for portfolio diversification and options strategy design.
How does TPL implied volatility behave around earnings?
IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.
What options strategies work well on TPL?
Popular strategies on TPL options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 22% - 50% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.
What is TPL's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence TPL's intraday price action. TPL tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live TPL GEX levels and the gamma-flip point on ApexVol.
What is TPL's IV rank?
TPL's IV rank shows where TPL's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. TPL implied volatility typically ranges from 22% - 50%. Check TPL's live IV rank and percentile on ApexVol's IV analytics.
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