TRPTC Energy Corporation
Options Analysis Report
Market Cap $63.2B|NYSE
● 2026-04-17$60.62
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +25.1%YTD +8.4%7D -5.0%
Options Vol
212
30D
Implied Move
±6.6%
IV Rank
22%
TRP Options Overview
IV is low. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.8
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks7/9 checks passed
IV Rank
≤35%IV Rank 21.8% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.79x — IV premium over HV
Sector Relative≤50%
Sector percentile 12% — below sector median
Term Structure
<1.1xFront/Back 1.05x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 28.6% — normal range
Spread-Adjusted Value
<80%Effective IV 67.0% (ATM 28.6% + spread 19.2% + bias) — fair
Execution Efficiency
<3.0%Total drag 26.79% (spread 19.20% + slippage 7.59%) — high friction
Vega Efficiency
≥5.0Vega efficiency 7.22 (vega 13.857 / spread 19.20%) — efficient
Sentiment
Bullish or bearish?
5.6
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Strong signal (Conviction: -0%, Raw: -3%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -0% (neutral) — Raw: -3%
OI Skew Magnitude
≥15%|OI skew| 63.8% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +9.4%, OI skew +63.8% — weak (same direction)
Conviction Quality
≥2/3 conditions0-DTE 1%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -100%, ATM: +8%, OTM: -4% — strong bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 77% — very bearish vs sector
Activity
Unusual activity?
2.6
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.3x avg — normal
Turnover Rate
≥15%Vol/OI 1.0% — 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 -3.9% (5d) — unwinding
Sector Relative≥60%
Sector activity percentile 30% — below sector avg
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 64% — urgent
Flow Conviction
≥30Conviction -0 (bearish) — mixed
Liquidity
Can I trade efficiently?
2.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks1/8 checks passed
Tradeable Spread
≤5.0%Spread 19.2% — wide
Adequate OI
≥10,000OI 21,704 — adequate
Active Volume
≥500Volume 212/day — thin
Reasonable Cost
≤$0.50$0.96 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 51% — neutral vs sector
Order Book Depth
≥100 contractsDepth 77.3 contracts (bid:33.5 ask:43.8) — thin
Execution Quality
<1.0%Avg slippage 7.59% — poor
Timing
Is now a good time?
6.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +5.5% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 22% — buyer opportunity
Event Detection
≥10pts kinkIV kink 1.7pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 982.73 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No earnings detected
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 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.7
bullishIV cheap, mixed flow
Long Puts5.3
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.5
bullishIV too cheap, mixed flow
Covered Call4.1
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.