Options trading tied to Texas Pacific Land Corp. accelerated Tuesday, with total contracts reaching 2,054 by 11:21 a.m. New York time, according to exchange figures compiled by Bloomberg.
The session's activity was overwhelmingly driven by calls - 2,016 call contracts changed hands compared with 38 put contracts. One series stood out: the July 17, 2026 $470 call, which accounted for 1,003 contracts of the total. Open interest for that series was recorded at 90 contracts as of June 29.
On the equity side, Texas Pacific Land shares moved higher during the trading session, rising 4.48% to trade at $438.78. At the same time, a pair of short-term volatility measures shifted: the company's three-month volatility declined by 0.68 percentage points to 47.65%, while the three-month 90/110 skew increased by 2.13 percentage points to 3.56 percentage points.
Taken together, the data for the morning session show a concentration of options activity in call positions and a contemporaneous rise in the stock price, alongside modest changes in near-dated volatility and skew metrics.
Context and market indicators
The trading snapshot through mid-morning captures both volume and pricing signals: total options contracts traded hit 2,054, with calls representing the bulk of that flow. The single July 17, 2026 $470 call series made up nearly half of the sessions volume, and its open interest level as of June 29 was 90 contracts.
Share price movement and volatility figures reported for the same period provide additional reference points. Texas Pacific Land shares were changing hands at $438.78, up 4.48% at the time the volume figures were compiled. The three-month volatility metric moved down by 0.68 percentage points to 47.65%, while the three-month 90/110 skew rose by 2.13 percentage points to 3.56 percentage points.
Limitations
These figures reflect trading and quoted metrics through the specified morning timestamp and the open interest level reported as of June 29. They do not provide information on the motivations behind the trades or any subsequent intraday developments beyond the reported times.