TTTrane Technologies plc
Options Analysis Report•AUTO CONTROLS FOR REGULATING RESIDENTIAL & COMML ENVIRONMENTS
Market Cap $105.4B|NYSE
● 2026-04-17$476.11
BULLISH
Analysis: 2026-04-16 EOD data
1Y +47.7%YTD +19.6%7D +2.2%
Options Vol
267
30D
Implied Move
±10.1%
IV Rank
64%
TT Options Overview
bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.2
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 31.4% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 0.82x — IV ≤ HV
Sector Relative≤50%
Sector percentile 25% — below sector median
Term Structure
<1.1xFront/Back 1.17x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 31.5% — normal range
Spread-Adjusted Value
<80%Effective IV 50.6% (ATM 31.5% + spread 9.6% + bias) — good value
Execution Efficiency
<3.0%Total drag 12.59% (spread 9.57% + slippage 3.02%) — high friction
Vega Efficiency
≥5.0Vega efficiency 10.03 (vega 9.602 / spread 9.57%) — efficient
Sentiment
Bullish or bearish?
5.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Strong signal (Conviction: -20%, Raw: -13%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -20% (bearish) — Raw: -13%
OI Skew Magnitude
≥15%|OI skew| 15.8% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +73.0%, OI skew +15.8% — aligned
Conviction Quality
≥2/3 conditions0-DTE 34%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +60%, ATM: +30%, OTM: -41% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 11% — very bullish vs sector
Activity
Unusual activity?
3.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.8x avg — normal
Turnover Rate
≥15%Vol/OI 2.7% — 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 +6.1% (5d) — building
Sector Relative≥60%
Sector activity percentile 41% — neutral vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 29% — patient
Flow Conviction
≥30Conviction -20 (bearish) — mixed
Liquidity
Can I trade efficiently?
4.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 9.6% — wide
Adequate OI
≥10,000OI 9,886 — thin
Active Volume
≥500Volume 267/day — thin
Reasonable Cost
≤$0.50$0.48 to cross — cheap
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 28% — tighter than sector
Order Book Depth
≥100 contractsDepth 21.3 contracts (bid:5.7 ask:15.6) — thin
Execution Quality
<1.0%Avg slippage 3.02% — poor
Timing
Is now a good time?
7.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +16.9% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 31% — neutral
Event Detection
≥10pts kinkIV kink 5.1pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 5.14 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 13d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -20% @ 60% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls6.7
bullishIV cheap, mixed flow
Long Puts5.6
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.7
bullishIV too cheap, mixed flow
Covered Call4.2
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.