Texas Pacific Land Options Surge 2,016 Calls

[Texas Pacific Land Options Surge on Call Activity]

Trading activity in Texas Pacific Land Corp. (TPL) options increased sharply on Tuesday, reaching a total of 2,054 contracts by 11:21 a.m. New York time, according to Bloomberg‑compiled exchange data. Call contracts overwhelmingly dominated the market with 2,016 contracts, while put contracts were limited to just 38 contracts.

The most actively traded series was the July 17, 2026 $470 call, which accounted for 1,003 of the total contracts. As of June 29, open interest in this strike stood at 90 contracts.

During the same period, TPL’s common shares rose 4.48% to $438.78. The company’s three‑month historical volatility declined by 0.68 percentage points, settling at 47.65%, and the three‑month 90/110 skew widened by 2.13 percentage points to 3.56%.