Ticker Options Intelligence

TRC options intelligence

Tejon Ranch Co options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 54 Market data through 31 Jul 2026 Checked 31 Jul 2026 17:57 · complete available chain

Volatility expansion watch

Volatility pressure

TRC currently carries volatility options pressure with a 54/100 conviction score. The nearest-chain expected move is 40.3%, with volume/open-interest participation at 0.26.

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

Volatility expansion watch

Expected move 40.3%

Wider near-term move priced

Activity / OI 0.26

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -3.1%

RS -6.6

Expected move 40.3%
Put-call volume -
Volume / OI 0.26
Reference IV 1.68
Max pain 20.00
Underlying 17.62
Nearest expiry 21 Aug 2026
Contracts 9

Research Brief

TRC has a volatility chain read with 54/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 10.52–24.72; The largest call open-interest concentration is 20.00; the largest put concentration is 20.00. The most active strike by current volume is 20.00.

Priced range10.52–24.72
Call concentration20.00
Put concentration20.00
Max pain reference20.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • Options and the weekly trend are not yet giving the same message.
  • Front-expiry volatility is rich, so the signal may be event-driven and vulnerable to volatility compression.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 10.52 to 24.72. Max pain at 20.00 sits inside that range, 13.5% above spot.

Spot Max pain
10.5217.62 ± 7.1024.72
Confirmation level

A close beyond 24.72 or below 10.52 at the 21 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 54/100

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation10 × 22%
+2.2

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

Trend agreement0 × 26%
+0.0

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

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score53.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 20.00; the largest put concentration is 20.00. The most active strike by current volume is 20.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
20.0013.5%
2
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

7.24× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

1.68 21 Aug 21d
0.66 16 Oct 77d
0.23 15 Jan 168d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

20
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 21 Aug 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

A92/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
9 / 9
  • 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

85/100
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 Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $5448 of estimated gross traded notional, calls · 91+ days · otm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+100
1W price-3.1%
Call premium100%
Put premium0%
Notional split C 100% / P 0% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.26 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 5 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 · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 31 contracts traded, $2945 estimated gross traded notional, and 54% of visible notional.
$2945
Calls · 46-90 days · OTM calls cluster with 21 contracts traded, $1395 estimated gross traded notional, and 26% of visible notional.
$1395
Calls · 46-90 days · ITM calls cluster with 1 contracts traded, $500 estimated gross traded notional, and 9% of visible notional.
$500
Calls · 91+ days · ATM calls cluster with 1 contracts traded, $341 estimated gross traded notional, and 6% of visible notional.
$341
Calls · 46-90 days · ATM calls cluster with 1 contracts traded, $268 estimated gross traded notional, and 5% of visible notional.
$268

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

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

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

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
Close17.62
1W-3.1%
RS-6.6
Fair value+4.2%
Options pressure100
Speculation10
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 40.3% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.68 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.00 history building
30d avg - · 0/10 sessions -
90d avg - · 0/30 sessions -
180d avg - · 0/60 sessions -
Volume/OI 0.26 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 11:25 Mixed
Pressure 10
Move 7.4%
30 Jul 11:11 Bearish
Pressure -90
Move 8.6%
31 Jul 10:45 Mixed
Pressure 10
Move 9.3%
31 Jul 13:35 Bullish
Pressure 100
Move 3.0%
31 Jul 16:32 Volatility
Pressure 100
Move 39.7%
31 Jul 16:57 Volatility
Pressure 100
Move 40.3%

Strike Map

Where activity is clustering

Full strike map
Strike20.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts1
Avg IV1.68
Put-call-
Expiry16 Oct 2026
Contracts6
Avg IV0.66
Put-call-
Expiry15 Jan 2027
Contracts2
Avg IV0.23
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Incomplete skew
Call IV1.68
Put IV-
Skew-
16 Oct 2026Call IV premium
Call IV0.64
Put IV0.55
Skew-0.09
15 Jan 2027Incomplete skew
Call IV0.45
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractTRC261016P00017500
SidePut
Expiry16 Oct 2026
Strike17.50
Volume-
OI30
IV0.55
ContractTRC260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume-
OI2
IV1.68
ContractTRC270115C00020000
SideCall
Expiry15 Jan 2027
Strike20.00
Volume31
OI65
IV0.45
ContractTRC261016C00020000
SideCall
Expiry16 Oct 2026
Strike20.00
Volume10
OI44
IV0.64
ContractTRC261016C00022500
SideCall
Expiry16 Oct 2026
Strike22.50
Volume10
OI33
IV0.66
ContractTRC261016C00017500
SideCall
Expiry16 Oct 2026
Strike17.50
Volume1
OI35
IV0.92
ContractTRC261016C00025000
SideCall
Expiry16 Oct 2026
Strike25.00
Volume1
OI2
IV1.18
ContractTRC270115C00017500
SideCall
Expiry15 Jan 2027
Strike17.50
Volume1
OI-
IV0.02