Options/TJX

TJXTJX Companies, Inc. (The)

Options Analysis Report•RETAIL-FAMILY CLOTHING STORES

Market Cap $149.3B|NYSE

● 2026-08-31$135.12

BULLISH

Analysis: 2026-08-28 EOD data

1Y -2.5%YTD -12.4%7D -4.0%

Options Vol

8,699

30D

Implied Move

±5.6%

IV Rank

10%

TJX Options Overview

IV is low with bullish flow and unusual activity. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for option buyers

Learn

Loading score history...

TJX Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

9.1

ExpensiveCheap

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

levels.

Risk Checks8/9 checks passed

IV Rank

≤35%

IV Rank 3.7% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 0.87x — IV ≤ HV

Sector Relative≤50%

Sector percentile 0% — below sector median

Term Structure

<1.1x

Front/Back 0.80x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 20.0% — normal range

Spread-Adjusted Value

<80%

Effective IV 37.6% (ATM 20.0% + spread 8.8% + bias) — excellent value

Execution Efficiency

<3.0%

Total drag 13.23% (spread 8.80% + slippage 4.43%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 16.83 (vega 14.810 / spread 8.80%) — efficient

Sentiment

Bullish or bearish?

7.5

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +30%, Raw: +29%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +30% (bullish) — Raw: +29%

OI Skew Magnitude

≥15%

|OI skew| 18.7% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +35.2%, OI skew +18.7% — aligned

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: -22%, ATM: +24%, OTM: +36% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 28% — very bullish vs sector

Activity

Unusual activity?

4.0

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 0.7x avg — normal

Turnover Rate

≥15%

Vol/OI 6.2% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +4.3% (5d) — building

Sector Relative≥60%

Sector activity percentile 74% — active vs sector

Trade Quality

≥30%

Large trade volume 12% — mostly retail

Execution Urgency

≥60%

Aggressive execution 32% — patient

Flow Conviction

≥30

Conviction +30 (bullish) — mixed

Liquidity

Can I trade efficiently?

5.2

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks5/8 checks passed

Tradeable Spread

≤5.0%

Spread 8.8% — wide

Adequate OI

≥10,000

OI 140,770 — deep

Active Volume

≥500

Volume 8,699/day — active

Reasonable Cost

≤$0.50

$0.44 to cross — cheap

Strike Coverage

≥5 strikes

2 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 8% — much tighter than sector

Order Book Depth

≥100 contracts

Depth 154.0 contracts (bid:71.4 ask:82.6) — adequate

Execution Quality

<1.0%

Avg slippage 4.43% — poor

Timing

Is now a good time?

7.3

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks8/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -20.0% — contango

IV Percentile Clarity

<30 or >70

IV percentile 4% — buyer opportunity

Event Detection

≥10pts kink

IV kink -2.1pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 210.67 — favors income trades

Expiration Distribution

≥3 expirations

4 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 +30% @ 65% consistency — moderate (bullish)

Smart Money Timing

≥40 composite score

Score 42 (ITM 20% + inst 12%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls8.3

bullishIV cheap, bullish flow

Long Puts5.9

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put5.1

bullishIV too cheap, bullish flow

Covered Call3.3

bearishIV too cheap, bullish 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.

More on TJX

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