Trinity Industries (TRN) Options Chain

NYSE: TRNIndustrialsRailroadsUSD

25.52+0.12 (+0.47%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $25.52
Put/call ratio (OI): 1.83
Put/call ratio (volume): 2.38
ATM implied volatility: 52.3%
Expected move: ±$4.42
Open interest (C / P): 35 / 64

TRN options summary

The TRN options chain for the November 20, 2026 expiration lists 6 call and 5 put contracts, with 40 days until expiration. Open interest stands at 35 calls and 64 puts, a put/call ratio of 1.83, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $25.00 strike is 52.3%, which implies the market expects a move of about ±$4.42 (17.3%) in Trinity Industries stock by expiration.

The most open interest sits at the $29.00 call (11 contracts) and the $29.00 put (42 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

TRN options chain · November 20, 2026

TRN calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	24.00	0.55	1.25	0.75	58.0%	—	1
7	5	52.7%	1.50	1.20	2.05	25.00	1.00	1.50	1.31	51.8%	6	6
TRN $25.52
3	1	49.7%	0.95	0.40	1.10	27.00	—	—	—	—	—	—
10	2	54.4%	1.23	0.15	0.95	28.00	2.60	3.80	2.62	66.0%	8	14
11	—	54.2%	1.20	0.05	0.70	29.00	3.30	4.60	2.85	68.4%	5	42
1	—	53.7%	0.30	0.05	0.50	30.00	4.20	5.50	2.72	72.8%	—	1
3	—	57.8%	0.05	0.00	0.45	31.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the TRN put/call ratio?

For the November 20, 2026 expiration, the TRN put/call ratio based on open interest is 1.83 (64 puts vs 35 calls), and 2.38 based on today's volume. A ratio above 1 means more puts than calls.

What is TRN's implied volatility?

At-the-money implied volatility for TRN options expiring November 20, 2026 is about 52.3%, an annualized estimate of how much the market expects Trinity Industries stock to move.

How many TRN option expiration dates are there?

TRN has 4 listed expiration dates, from Oct 16, 2026 to Apr 16, 2027.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.