TRS TRS
$38.43 · scored 08:10 · fresh
Decision brief
NEUTRAL · 32/100
What changed
No prior comparable read.
Evidence is current.
What would change the view
composite leaves the neutral band · confidence deteriorates materially from 32/100
For the read
options volume favours puts
Against / uncertainty
open interest leans against the read · signal stability is low · evidence confidence is weak · data quality is weak
The read
Mildly bearish, thinly evidenced .
−100 bearish 0 bullish +100
−14.1 composite
Evidence
32 / 100 · top 93% today
250 contracts · quality 42 · stability 0.00
has paid −1.36% · n=4,337
What traded today · weight 62%
−29.3 pts
66 calls · 26.4% 184 puts
bias −47.2 × 0.62
What’s on the books · weight 38%
+15.2 pts
14 call OI · 70.0% 6 put OI
bias +40.0 × 0.38
Equals
−14.1
66% of the score comes from today’s volume, 34% from open interest. Disagree with either?
See the method.
— price ◆ big one-day moves
NO HISTORY YET
We started scoring TRS 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? against Thin evidence confidence 32 (7th pct) · quality 42 · 250 contracts
note Jumpy 0.00 vs 7-day rolling · choppiness 100
pass This kind of read has paid mildly bearish · put-heavy · low liquidity → −1.36% avg, n=4,337
note Too few of our calls checked 0 closed calls on TRS
04
Where the positions sit calls traded strike puts traded
Spot $38.43 highlighted. The $22.50 strike holds the most open interest (the “wall”, 14). Near-dated expiry in the mix, so OI is noisier.
We haven’t checked a call on TRS 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 —
TRS
Mildly bearish, thinly evidenced .
−100 bearish 0 bullish +100
−14.1 evidence
has paid −1.36% · n=4,337
Why it’s −14
−29.3 volume · 26% calls+15.2 OI · 70% calls
1 days · tape bars, price line
Not enough tape history to draw this yet.
Should you trust it?
against Thin evidence confidence 32 (7th pct) · quality 42 · 250 contracts
note Jumpy 0.00 vs 7-day rolling · choppiness 100
note Too few of our calls checked 0 closed calls on TRS
What traded today · 62%
−29.3 pts
66 calls · 184 puts · bias −47.2
What’s on the books · 38%
+15.2 pts
14 call OI · 6 put OI · bias +40.0
— 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 $22.5 wall price · below
3 days before earnings not yet · earnings
Score moves ≥10 in a day not yet · delta
Ask about TRS
Not enough tape history on TRS for a weekly brief yet. Ask anything below.
Why is our TRS record what it is? What’s the $22.5 wall?