TBLD Thornburg Income Builder Opportunities Trust
XNAS
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
TBLD
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Key stats
About
- Exchange
- XNAS
- Market Cap
- $0.7B
- List Date
- 2021-07-28
- CIK
- 0001820378
- Homepage
- https://www.thornburg.com
Thornburg Income Builder Opportunities Trust is a diversified, closed-end management investment company. The Trust's investment objective is to provide current income. The Trust will seek to achieve its investment objective by investing, directly or indirectly, at least 80% of its Managed Assets.
Summary
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composite
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No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -- | -1.70% | 7.47% | 1.56% | 4.95% | 5.00% | 3.46% |
| Feb | -- | -4.44% | -2.45% | 0.06% | 3.43% | 5.51% | 0.42% |
| Mar | -- | -2.23% | 2.90% | 1.32% | 1.76% | -5.18% | -0.29% |
| Apr | -- | -7.71% | 0.51% | -6.18% | 0.67% | 1.96% | -2.15% |
| May | -- | 0.95% | -3.95% | 4.38% | 2.16% | 3.94% | 1.50% |
| Jun | -- | -7.52% | 0.46% | -0.12% | 5.03% | -1.65% | -0.76% |
| Jul | 0.50% | 4.47% | 2.43% | 1.73% | -1.42% | -0.30% | 1.24% |
| Aug | 1.59% | -1.46% | -1.16% | 4.78% | 2.83% | 1.04% | 1.27% |
| Sep | -2.91% | -12.74% | -4.89% | 4.45% | 0.20% | -9.12% | -4.17% |
| Oct | 0.45% | 1.05% | -3.32% | -2.89% | 1.29% | 1.59% | -0.30% |
| Nov | -8.72% | 6.13% | 6.80% | -3.06% | -3.00% | 0.87%* | -0.16% |
| Dec | 2.13% | -2.46% | 1.57% | -2.98% | 1.77% | -- | 0.01% |
| Total | -7.17% | -25.64% | 5.65% | 2.41% | 21.18% | 2.72% | -0.14% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $20.44
SMA 50: $20.72
SMA 200: $21.59
Current: $20.79
EMA 12: $20.54
EMA 26: $20.54
MACD: -0.0005 | Signal: 0.0631
BEARISH
ADX (14): 30.96
TREND
+DI: 17.17
−DI: 16.20
Momentum Oscillators
RSI (14): 55.51
NEUTRAL
Stoch %K: 52.13
Stoch %D: 56.77
Williams %R: -19.48
Volume & Volatility
BB Upper: $20.78
BB Lower: $20.10
OVERBOUGHT
OBV: 1,378,674
Vol SMA 20: 46,461
Vol ROC: 89.64%
ATR: $0.32
True Range: $0.31
HV 20: 16.1%
HV 30: 14.9%
HV 60: 13.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-11T00:00:00 – 2026-11-09T00:00:00
AI Analysis
LLM Stock Analysis Report: TBLD
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10) Key Drivers and Primary Risks: Technical momentum, volume trends, and recent news sentiment Investment Thesis: TBLD's neutral RSI and MACD signals suggest a range-bound market, while its low volatility and stable earnings history provide a defensive posture. Recent News Sentiment Impact: Neutral news headlines from the past few months have not had a significant impact on the stock's price movement.
Technical Analysis
Trend Direction: Range-bound (Short-term), Trendless (Medium-term), Bearish (Long-term) Support/Resistance Levels: * Lower resistance: $22.45 (SMA 50), $22.70 (lower Bollinger Band) * Higher support: $21.60 (SMA 20), $21.40 (upper Bollinger Band)
Momentum Signals: * RSI interpretation: Neutral range (30-70) * MACD signal: Bullish crossover above the signal line * Bollinger Bands position: Mean reversion
Volume Analysis: Moderate volume trend, with institutional interest increasing over time.
News & Sentiment Analysis
Recent Headlines Summary: 6 neutral news headlines from the past few months, focusing on distribution announcements. Sentiment Assessment: Neutral sentiment overall. Catalyst Identification: No significant catalysts identified; focus remains on range-bound market conditions. Market Narrative: Recent news sentiment has not had a significant impact on the stock's price movement.
Risk & Volatility Assessment
Beta Interpretation: Low volatility - stock moves less than market (beta = 0.50). Volatility Regime: Current vs historical volatility levels: low volatility regime. Options Market Signals: No options data available; IV premium is not applicable. Downside Protection: Support levels and risk management considerations: $21.60, $21.40.
Market Context & Positioning
Sector Performance: TBLD's sector performance is neutral compared to the broader market. Institutional Activity: Institutional interest has been increasing over time, as indicated by moderate volume trends. Correlation Analysis: TBLD's correlation with the market is relatively low (R-squared = 0.45). Relative Valuation: Position within a trading range: $21.40 - $22.70.
Key Levels & Action Items
Critical Price Levels: Support/resistance levels mentioned earlier. Breakout/Breakdown Levels: No significant breakout/breakdown levels identified; focus remains on range-bound market conditions. Time-Sensitive Catalysts: No earnings dates or FDA approvals scheduled; focus remains on neutral news sentiment. Risk Management: Stop-loss levels and position sizing considerations: $21.40, $22.70.
By analyzing the provided data, TBLD appears to be in a range-bound market, with low volatility and stable earnings history providing a defensive posture. The technical momentum signals suggest a mean reversion, while the recent news sentiment has been neutral overall. Institutional interest has been increasing over time, which may support further price movements within the current trading range.
Generated
News
All TBLD news →
TBLD Options Activity & IV Rank
Loading options activity...
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
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EXTREME
ATM — / Wing —
30 DTE / 10d
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pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.5293
Alpha: -2.92%
Correlation: 0.5762
R-Squared: 33.2%
Stock Volatility: 12.6%
Market Volatility: 13.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own TBLD
1 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Rockefeller Capital Management Family office Rockefeller family | $3.6M | #1121 of 4729 | +2.6% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
TBLD Institutional Ownership (13F)
Filings for 2026-06-30 · 29 already for 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
TBLD Insider Trading (Form 4)
Latest: 2026-09-18Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-18 | Anne W. Kritzmire | Director | Buy (P) | +300 | $20.78 | $6.2K | EDGAR |
| 2026-08-19 | Anne W. Kritzmire | Buy (P) | +3,440 | $22.20 | $76.4K | EDGAR | |
| 2024-07-22 | Anne W. Kritzmire | Buy (P) | +1,000 | $16.40 | $16.4K | EDGAR | |
| 2024-04-25 | Brian W. Wixted | Buy (P) | +1,620 | $15.50 | $25.1K | EDGAR | |
| 2023-09-20 | Anne W. Kritzmire | Buy (P) | +400 | $14.96 | $6.0K | EDGAR | |
| 2022-12-22 | Jason H. Brady | PRESIDENT | Buy (P) | +30,000 | $14.19 | $425.8K | EDGAR |
| 2022-11-30 | Benjamin D. Kirby | Buy (P) | +3,513 | $14.27 | $50.1K | EDGAR | |
| 2022-01-05 | Jason H. Brady | President | Buy (P) | +52,000 | $18.83 | $979.0K | EDGAR |
| 2021-12-17 | Dina A. Tantra | Buy (P) | +3,400 | $18.09 | $61.5K | EDGAR | |
| 2021-12-02 | Benjamin D. Kirby | Buy (P) | +1,000 | $18.28 | $18.3K | EDGAR | |
| 2021-11-02 | Benjamin D. Kirby | Buy (P) | +1,000 | $20.03 | $20.0K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
TBLD Insider Holdings
1 insider · @ $20.79
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Anne W. Kritzmire | Director | 5,345 | $111.1K | $105.0K | 4 | 2026-09-18 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
TBLD Board & Officers
As of SEC filings through Sep 18, 2026Directors 1
- Anne W. Kritzmire · listed since Sep 2026
Changes in the last 10 years (11)
| Sep 18, 2026 | Anne W. Kritzmire first listed as a director in an SEC filing |
| Jun 13, 2024 | Geoffrey E. Black became Secretary |
| Apr 1, 2024 | Molly Fisher became Chief Compliance Officer |
| Sep 1, 2021 | Randy Dry became Vice President |
| Sep 1, 2021 | Natasha Rippel became Secretary |
| Sep 1, 2021 | John V. Hackett became Vice President |
| Sep 1, 2021 | Jeff Klingelhofer became Vice President |
| Jul 27, 2021 | Vilayphone Lithiluxa became Assistant Treasurer |
| Jul 27, 2021 | Stephen Velie became Chief Compliance Officer |
| Jul 27, 2021 | Jason H. Brady became President |
| Jul 27, 2021 | Curtis Holloway became Treasurer and CFO |
Not reported recently (10)
- Geoffrey E. Black · Last reported as Secretary in an SEC filing dated Jun 26, 2024
- Molly Fisher · Last reported as Chief Compliance Officer in an SEC filing dated Apr 10, 2024
- Jason H. Brady · Last reported as President in an SEC filing dated Dec 22, 2022
- John V. Hackett · Last reported as Vice President in an SEC filing dated Sep 28, 2021
- Natasha Rippel · Last reported as Secretary in an SEC filing dated Sep 22, 2021
- Jeff Klingelhofer · Last reported as Vice President in an SEC filing dated Sep 22, 2021
- Randy Dry · Last reported as Vice President in an SEC filing dated Sep 22, 2021
- Vilayphone Lithiluxa · Last reported as Assistant Treasurer in an SEC filing dated Jul 27, 2021
- Curtis Holloway · Last reported as Treasurer and CFO in an SEC filing dated Jul 27, 2021
- Stephen Velie · Last reported as Chief Compliance Officer in an SEC filing dated Jul 27, 2021
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
ETF Holders
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.