TJXTJX Companies, Inc. (The)
Options Analysis Report•RETAIL-FAMILY CLOTHING STORES
Market Cap $162.9B|NYSE
● 2026-05-15$147.35
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +10.8%YTD -4.5%7D -3.9%
Options Vol
7,430
30D
Implied Move
±9.3%
IV Rank
86%
TJX Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.6
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 32.8% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.82x — IV premium over HV
Sector Relative≤50%
Sector percentile 14% — below sector median
Term Structure
<1.1xFront/Back 1.62x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 30.6% — normal range
Spread-Adjusted Value
<80%Effective IV 49.6% (ATM 30.6% + spread 9.5% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 14.01% (spread 9.49% + slippage 4.52%) — high friction
Vega Efficiency
≥5.0Vega efficiency 3.21 (vega 3.046 / spread 9.49%) — spread drag
Sentiment
Bullish or bearish?
5.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Weak signal (Conviction: +0%, Raw: +6%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +0% (neutral) — Raw: +6%
OI Skew Magnitude
≥15%|OI skew| 12.7% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +41.6%, OI skew -12.7% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 10%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +5%, ATM: -12%, OTM: +10% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 36% — bullish vs sector
Activity
Unusual activity?
5.0
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 1.4x avg — normal
Turnover Rate
≥15%Vol/OI 5.1% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +18.4% (5d) — building
Sector Relative≥60%
Sector activity percentile 60% — active vs sector
Trade Quality
≥30%Large trade volume 21% — mixed
Execution Urgency
≥60%Aggressive execution 46% — patient
Flow Conviction
≥30Conviction +0 (neutral) — mixed
Liquidity
Can I trade efficiently?
4.8
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks5/8 checks passed
Tradeable Spread
≤5.0%Spread 9.5% — wide
Adequate OI
≥10,000OI 144,708 — deep
Active Volume
≥500Volume 7,430/day — active
Reasonable Cost
≤$0.50$0.47 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 16% — much tighter than sector
Order Book Depth
≥100 contractsDepth 176.8 contracts (bid:82.4 ask:94.4) — adequate
Execution Quality
<1.0%Avg slippage 4.52% — poor
Timing
Is now a good time?
6.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +61.8% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 33% — neutral
Event Detection
≥10pts kinkIV kink 14.2pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 5.47 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 5d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +0% @ 50% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 51 (ITM 20% + inst 21%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.4
bullishIV fair, mixed flow
Long Puts4.8
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.7
bullishIV fair, mixed flow
Covered Call5.1
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.