Ticker Options Intelligence

TJX options intelligence

The TJX Companies Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 31 Market data through 31 Jul 2026 Checked 1 Aug 2026 10:37 · complete available chain

Call-side pressure

Bullish pressure

TJX currently carries bullish options pressure with a 31/100 conviction score. The nearest-chain expected move is 2.8%, with volume/open-interest participation at 0.02.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Bullish

Call-side pressure

Expected move 2.8%

Near-term move context

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 0.69

Call-side skew

Trend fit 42

Options are not fully confirming trend

Weekly backdrop +2.0%

RS -4.1

Expected move 2.8%
Put-call volume 0.69
Volume / OI 0.02
Reference IV 0.24
Max pain 155.00
Underlying 154.22
Nearest expiry 7 Aug 2026
Contracts 908

Research Brief

TJX has a bullish chain read with 31/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 149.90–158.54; The largest call open-interest concentration is 160.00; the largest put concentration is 145.00. The most active strike by current volume is 157.50.

Priced range149.90–158.54
Call concentration160.00
Put concentration145.00
Max pain reference155.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • Options and the weekly trend are not yet giving the same message.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 7 Aug

Options imply 149.90 to 158.54. Max pain at 155.00 sits inside that range, 0.5% above spot.

Spot Max pain
149.90154.22 ± 4.32158.54
Confirmation level

A close beyond 158.54 or below 149.90 at the 7 Aug expiry would exceed the move currently priced by this chain.

Important limitation

The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.

Score Construction

Why conviction is 31/100

Evidence alignment, not probability

Pressure is 20/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure20 × 42%
+8.6

How strongly activity leans toward calls or puts.

Participation40 × 22%
+8.9

Volume relative to existing open interest and contract-level activity.

Trend agreement42 × 26%
+10.9

How closely the chain read agrees with the underlying trend backdrop.

Volatility28 × 10%
+2.8

The intensity of implied volatility and the priced move.

Reconstructed score31.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 160.00; the largest put concentration is 145.00. The most active strike by current volume is 157.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
10
130.00-15.7%
1
5
135.00-12.5%
10
120
140.00-9.2%
6
288
145.00-6.0%
2
34
146.00-5.3%
0
42
148.00-4.0%
3
52
149.00-3.4%
2
163
150.00-2.7%
37
30
152.50-1.1%
12
50
155.000.5%
225
31
157.502.1%
16
18
160.003.7%
1633
5
162.505.4%
114
50
165.007.0%
219
0
167.508.6%
17
0
170.0010.2%
19
0
175.0013.5%
5
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

0.90× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.24 7 Aug 7d
0.24 14 Aug 14d
0.30 21 Aug 21d
0.28 28 Aug 28d
0.29 4 Sep 35d
0.27 11 Sep 42d
0.27 18 Sep 49d
0.27 16 Oct 77d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

125
130
140
141
142
144
145
146
148
149
153
155
158
163
165
168
173
175
178
183
185
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

Forward validation is building. The earliest eligible stored read expires 31 Jul 2026; its result will appear after the matched closing reference is stored.

Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
  • Versioned calculationv2 observations only
  • Independent entryone read per market session
  • Point-in-time referencerequired at entry
  • Matched expiry closereported only after maturity

Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.

Evidence Quality

High

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
908 / 908
  • No material coverage gap was detected in the retained chain.

Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.

Options Intent Radar

Earnings/event positioning

69/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $584242 of estimated gross traded notional, calls · 46-90 days · otm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+20
1W price+2.0%
Call premium61%
Put premium39%
Notional split C 61% / P 39% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.02 Volume divided by open interest across the visible chain.
Trend fit 42/100 Agreement between options pressure and Sharemaestro market context.
Event window 19 Aug Matched earnings event is 18 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Calls · 46-90 days · OTM
Calls · 46-90 days · OTM calls cluster with 389 contracts traded, $87712 estimated gross traded notional, and 15% of visible notional.
$87712
Calls · 91+ days · OTM calls cluster with 137 contracts traded, $70102 estimated gross traded notional, and 12% of visible notional.
$70102
Puts · 8-21 days · ATM puts cluster with 301 contracts traded, $58010 estimated gross traded notional, and 10% of visible notional.
$58010
Puts · 46-90 days · ITM puts cluster with 50 contracts traded, $56795 estimated gross traded notional, and 10% of visible notional.
$56795
Calls · 8-21 days · OTM calls cluster with 327 contracts traded, $42865 estimated gross traded notional, and 7% of visible notional.
$42865

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

Activity Anomaly

Warming up

-

3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 3 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close157.34
1W+2.0%
RS-4.1
Fair value+29.5%
Options pressure20
Speculation40
Volatility28
Trend fit42

Today Versus Normal

Stored-options context

View history
Expected move 2.8% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.24 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.69 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.02 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:00 Bearish
Pressure -32
Move 4.0%
30 Jul 10:00 Bullish
Pressure 50
Move 4.7%
30 Jul 15:28 Bearish
Pressure -62
Move 2.1%
31 Jul 11:37 Mixed
Pressure 13
Move 3.1%
1 Aug 00:27 Bearish
Pressure -37
Move 2.8%
1 Aug 03:36 Bullish
Pressure 26
Move 1.4%
1 Aug 09:37 Bullish
Pressure 20
Move 2.8%

Strike Map

Where activity is clustering

Full strike map
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike100.00
Calls · V 0 · OI 4
Puts · V 0 · OI 0
Strike105.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike110.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike115.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry7 Aug 2026
Contracts94
Avg IV0.24
Put-call0.81
Expiry14 Aug 2026
Contracts94
Avg IV0.24
Put-call1.02
Expiry21 Aug 2026
Contracts94
Avg IV0.30
Put-call3.77
Expiry28 Aug 2026
Contracts64
Avg IV0.28
Put-call0.06
Expiry4 Sep 2026
Contracts64
Avg IV0.29
Put-call0.70

Skew

Call/put IV balance

OTM demand
7 Aug 2026Balanced skew
Call IV0.22
Put IV0.22
Skew-
14 Aug 2026Balanced skew
Call IV0.22
Put IV0.24
Skew0.02
21 Aug 2026Balanced skew
Call IV0.28
Put IV0.31
Skew0.03
28 Aug 2026Balanced skew
Call IV0.28
Put IV0.30
Skew0.02
4 Sep 2026Balanced skew
Call IV0.27
Put IV0.29
Skew0.02

Contract Tape

Most active contracts

Full contract tape
ContractTJX260918C00170000
SideCall
Expiry18 Sep 2026
Strike170.00
Volume298
OI3744
IV0.25
ContractTJX260814C00160000
SideCall
Expiry14 Aug 2026
Strike160.00
Volume203
OI109
IV0.22
ContractTJX260814P00152500
SidePut
Expiry14 Aug 2026
Strike152.50
Volume162
OI3
IV0.24
ContractTJX260814P00157500
SidePut
Expiry14 Aug 2026
Strike157.50
Volume128
OI422
IV0.25
ContractTJX260821P00146000
SidePut
Expiry21 Aug 2026
Strike146.00
Volume94
OI12
IV0.31
ContractTJX261218C00175000
SideCall
Expiry18 Dec 2026
Strike175.00
Volume77
OI187
IV0.25
ContractTJX260807C00157500
SideCall
Expiry7 Aug 2026
Strike157.50
Volume67
OI16
IV0.23
ContractTJX260814C00165000
SideCall
Expiry14 Aug 2026
Strike165.00
Volume54
OI1470
IV0.23