TRN TRN
$26.13 · scored 08:10 · fresh
Decision brief
BEARISH · 54/100
What changed
No prior comparable read.
Evidence is current.
What would change the view
composite rises above -15 · confidence deteriorates materially from 54/100
For the read
open interest agrees with the read
Against / uncertainty
signal stability is low
The read
Strongly bearish, moderately evidenced .
−100 bearish 0 bullish +100
−27.6 composite
Evidence
54 / 100 · top 37% today
402 contracts · quality 73 · stability 0.00
has paid −2.48% · n=1,776
What traded today · weight 62%
−2.8 pts
192 calls · 47.8% 210 puts
bias −4.5 × 0.62
What’s on the books · weight 38%
−24.9 pts
70 call OI · 17.3% 335 put OI
bias −65.4 × 0.38
Equals
−27.6
10% of the score comes from today’s volume, 90% from open interest. Disagree with either?
See the method.
— price ◆ big one-day moves
NO HISTORY YET
We started scoring TRN 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? note Some evidence, not a lot confidence 54 (63th pct) · quality 73 · 402 contracts
note Jumpy 0.00 vs 7-day rolling · choppiness 0
pass This kind of read has paid strongly bearish · balanced · low liquidity → −2.48% avg, n=1,776
note Too few of our calls checked 0 closed calls on TRN
04
Where the positions sit calls traded strike puts traded
Spot $26.13 highlighted. The $20 strike holds the most open interest (the “wall”, 200). Near-dated expiry in the mix, so OI is noisier.
We haven’t checked a call on TRN 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 —
TRN
Strongly bearish, moderately evidenced .
−100 bearish 0 bullish +100
−27.6 evidence
has paid −2.48% · n=1,776
Why it’s −28
−2.8 volume · 48% calls−24.9 OI · 17% calls
1 days · tape bars, price line
Not enough tape history to draw this yet.
Should you trust it?
note Some evidence, not a lot confidence 54 (63th pct) · quality 73 · 402 contracts
note Jumpy 0.00 vs 7-day rolling · choppiness 0
note Too few of our calls checked 0 closed calls on TRN
What traded today · 62%
−2.8 pts
192 calls · 210 puts · bias −4.5
What’s on the books · 38%
−24.9 pts
70 call OI · 335 put OI · bias −65.4
— price ◆ big one-day moves
Not enough tape history to draw this yet.
The read flips to bullish composite · crosses 0
Evidence drops below 60 conf · below
Price reaches the $20 wall price · below
3 days before earnings not yet · earnings
Score moves ≥10 in a day not yet · delta
Ask about TRN
Not enough tape history on TRN for a weekly brief yet. Ask anything below.
Why is our TRN record what it is? What’s the $20 wall?