Options/TTE

TTETotalEnergies SE

Options Analysis Report

Market Cap $191.1B|NYSE

● 2026-08-31$86.35

NEUTRAL

Analysis: 2026-08-28 EOD data

1Y +38.0%YTD +29.8%7D -3.4%

Options Vol

1,452

30D

Implied Move

±7.3%

IV Rank

16%

TTE Options Overview

bearish flow. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for option buyers

Learn

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TTE Gamma Walls

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Value

Is IV priced right?

7.4

ExpensiveCheap

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

levels.

Risk Checks7/9 checks passed

IV Rank

≤35%

IV Rank 33.7% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 1.31x — IV premium over HV

Sector Relative≤50%

Sector percentile 11% — below sector median

Term Structure

<1.1x

Front/Back 1.02x — flat

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 24.8% — normal range

Spread-Adjusted Value

<80%

Effective IV 43.0% (ATM 24.8% + spread 9.1% + bias) — excellent value

Execution Efficiency

<3.0%

Total drag 14.60% (spread 9.10% + slippage 5.50%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 25.33 (vega 23.047 / spread 9.10%) — efficient

Sentiment

Bullish or bearish?

5.0

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBullish - Moderate signal (Conviction: +21%, Raw: +17%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +21% (bullish) — Raw: +17%

OI Skew Magnitude

≥15%

|OI skew| 6.4% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -44.1%, OI skew +6.4% — 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: +82%, ATM: -2%, OTM: +19% — strong bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 93% — very bearish vs sector

Activity

Unusual activity?

4.3

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed

Volume Surge

≥1.5x

Volume 1.0x avg — normal

Turnover Rate

≥15%

Vol/OI 2.6% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +5.7% (5d) — building

Sector Relative≥60%

Sector activity percentile 75% — active vs sector

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 49% — patient

Flow Conviction

≥30

Conviction +21 (bullish) — mixed

Liquidity

Can I trade efficiently?

4.5

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks4/8 checks passed

Tradeable Spread

≤5.0%

Spread 9.1% — wide

Adequate OI

≥10,000

OI 55,578 — deep

Active Volume

≥500

Volume 1,452/day — adequate

Reasonable Cost

≤$0.50

$0.45 to cross — cheap

Strike Coverage

≥5 strikes

1 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 45% — neutral vs sector

Order Book Depth

≥100 contracts

Depth 310.2 contracts (bid:141.2 ask:169.0) — adequate

Execution Quality

<1.0%

Avg slippage 5.50% — poor

Timing

Is now a good time?

6.5

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks4/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +2.0% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 34% — neutral

Event Detection

≥10pts kink

IV kink 1.2pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 1259.38 — 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 +21% @ 60% consistency — unclear

Smart Money Timing

≥40 composite score

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

Directional Strategy Fit

Option Buyers

Long Calls6.0

bullishIV cheap, mixed flow

Long Puts6.0

bearishIV cheap, mixed flow

Premium Sellers

Cash-Secured Put4.4

bullishIV too cheap, mixed flow

Covered Call4.4

bearishIV too cheap, mixed 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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