TRNO
TRNO
$64.05 · scored 03:00 · fresh
Decision brief
BEARISH · 35/100
What changed
No prior comparable read.
Evidence is stale — treat this read cautiously.
What would change the view
composite rises above -15 · confidence deteriorates materially from 35/100
For the read
options volume favours puts · open interest agrees with the read
Against / uncertainty
signal stability is low · evidence confidence is weak · data quality is weak
The read
Strongly bearish, thinly evidenced.
−100 bearish0bullish +100
−37.2 composite
Evidence
35 / 100 · top 87% today
44 contracts · quality 42 · stability 0.00
has paid −0.33% · n=13,788
What traded today · weight 62%
−16.9 pts
16 calls · 36.4%28 puts
bias −27.3 × 0.62
What’s on the books · weight 38%
−20.3 pts
10 call OI · 23.3%33 put OI
bias −53.5 × 0.38
Equals
−37.2
45% of the score comes from today’s volume, 55% from open interest. Disagree with either?
See the method.
tape composite (bars)— price◆ big one-day moves
NO HISTORY YET
We started scoring TRNO today.
There’s one reading so far. The 14-day chart fills in as the hourly tape arrives. Nothing here is back-filled or guessed.
03
Should you trust it?
againstThin evidenceconfidence 35 (13th pct) · quality 42 · 44 contracts
noteJumpy0.00 vs 7-day rolling · choppiness 50
passThis kind of read has paidstrongly bearish · put-heavy · low liquidity → −0.33% avg, n=13,788
noteToo few of our calls checked0 closed calls on TRNO
04
Where the positions sit
calls tradedstrikeputs traded
Spot $64.05 highlighted. The $65 strike holds the most open interest (the “wall”, 29).
05Our record on TRNO
Proof We haven’t checked a call on TRNO yet. Each read is checked 4 hours, 1 day and 3 days after it’s made.
06
Catalysts & context
EPS surprise · last 4 quarters
No reported quarters stored yet.
Street —Next report —
P/E —Beta —
52w —IV rank —
TRNO
Strongly bearish, thinly evidenced.
−100 bearish0bullish +100
−37.2evidence 35
has paid −0.33% · n=13,788
Why it’s −37
−16.9 volume · 36% calls−20.3 OI · 23% calls
1 days · tape bars, price line
Not enough tape history to draw this yet.
Should you trust it?
againstThin evidence
confidence 35 (13th pct) · quality 42 · 44 contracts
noteJumpy
0.00 vs 7-day rolling · choppiness 50
noteToo few of our calls checked
0 closed calls on TRNO
What traded today · 62%
−16.9 pts
16 calls · 28 puts · bias −27.3
What’s on the books · 38%
−20.3 pts
10 call OI · 33 put OI · bias −53.5
tape composite (bars)— price◆ big one-day moves
Not enough tape history to draw this yet.
The read flips to bullishcomposite · crosses 0
Evidence drops below 60conf · below
Price reaches the $65 wallprice · above
3 days before earningsnot yet · earnings
Score moves ≥10 in a daynot yet · delta
Ask about TRNO
Not enough tape history on TRNO for a weekly brief yet. Ask anything below.