TransAlta Corporation (TAC)
TransAlta Max Pain By Strike
TAC trades at $12.4, 3.3% above the near-term max pain of $12 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($4-$97.5), signaling increased put positioning or downside protection. Key magnetic zone at 12 where 2 expirations converge. 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 4, indicating bearish sentiment or hedging activity. The 426% spread signals divergent expectations across timeframes. Most levels below 12.4 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 |
|---|---|---|
| Aug 15, 2025 | 12 | -0.40 (-3.26%) |
| Sep 19, 2025 | 11 | -1.40 (-11.33%) |
| Oct 17, 2025 | 4 | -8.40 (-67.75%) |
| Nov 21, 2025 | 10 | -2.40 (-19.39%) |
| Dec 19, 2025 | 7 | -5.40 (-43.57%) |
| Jan 16, 2026 | 97.5 | 85.09 (685.97%) |
| Mar 20, 2026 | 12 | -0.40 (-3.26%) |