Options/TPC

TPCTutor Perini Corporation

Options Analysis Report•GENERAL BLDG CONTRACTORS - NONRESIDENTIAL BLDGS

Market Cap $4.7B|NYSE

● 2026-08-31$88.84

NEUTRAL

Analysis: 2026-08-28 EOD data

1Y +50.2%YTD +28.1%7D +0.6%

Options Vol

30D

Implied Move

±8.6%

IV Rank

TPC Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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TPC Gamma Walls

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Value

Is IV priced right?

2.9

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks2/9 checks passed

IV Rank

≤35%

IV Rank 100.0% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 8.06x — IV premium over HV

Sector Relative≤50%

Sector percentile 100% — above sector median

Term Structure

<1.1x

Front/Back 1.00x — flat

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 474.2% — crisis-level IV

Spread-Adjusted Value

<80%

Effective IV 537.3% (ATM 474.2% + spread 31.6% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 42.22% (spread 31.57% + slippage 10.65%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 0.88 (vega 2.791 / spread 31.57%) — spread drag

Sentiment

Bullish or bearish?

3.1

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -36%, Raw: -28%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -36% (strong bearish) — Raw: -28%

OI Skew Magnitude

≥15%

|OI skew| 30.4% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -23.8%, OI skew +30.4% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -44%, ATM: +0%, OTM: +0% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 84% — very bearish vs sector

Activity

Unusual activity?

2.9

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 0.3x avg — normal

Turnover Rate

≥15%

Vol/OI 0.5% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change +4.7% (5d) — building

Sector Relative≥60%

Sector activity percentile 26% — below sector avg

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 18% — patient

Flow Conviction

≥30

Conviction -36 (bearish) — moderate

Liquidity

Can I trade efficiently?

2.4

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks0/8 checks passed

Tradeable Spread

≤5.0%

Spread 31.6% — wide

Adequate OI

≥10,000

OI 8,437 — thin

Active Volume

≥500

Volume 42/day — thin

Reasonable Cost

≤$0.50

$1.58 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 100% — much wider than sector

Order Book Depth

≥100 contracts

Depth 51.5 contracts (bid:25.0 ask:26.5) — thin

Execution Quality

<1.0%

Avg slippage 10.65% — poor

Timing

Is now a good time?

7.0

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +0.0% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 100% — seller opportunity

Event Detection

≥10pts kink

IV kink 0.0pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 59.01 — favors income trades

Expiration Distribution

≥3 expirations

3 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -36% @ 68% consistency — moderate (bearish)

Smart Money Timing

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers

Long Calls3.5

bullishIV expensive, bearish flow

Long Puts4.8

bearishIV expensive, bearish flow

Premium Sellers

Cash-Secured Put4.8

bullishIV rich premium, bearish flow

Covered Call6.1

bearishIV rich premium, bearish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

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TPC gamma walls TPC max pain TPC IV rank TPC options flow