TransAlta Corporation (TAC)
TransAlta Max Pain By Strike
TAC trades at $13.62, 4.8% above the near-term max pain of $13 expiring Oct 17, 2025 (18 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($8-$97.5), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
TransAlta Max Pain By Expiry
Max pain for TAC shows a downward trend from 97.5 to 8, indicating bearish sentiment or hedging activity. The 319% spread signals divergent expectations across timeframes. Most levels below 13.62 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Oct 17, 2025 | 13 | n/a (n/a) |
| Nov 21, 2025 | 10 | n/a (n/a) |
| Dec 19, 2025 | 8 | n/a (n/a) |
| Jan 16, 2026 | 97.5 | n/a (n/a) |
| Mar 20, 2026 | 12 | n/a (n/a) |