Tsakos Energy Navigation ... (TEN)
Tsakos Energy Navigation Max Pain By Strike
TEN trades at $20.3, pinned near the near-term max pain of $20 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($2.5-$22.5), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Tsakos Energy Navigation Max Pain By Expiry
Max pain for TEN shows a downward trend from 22.5 to 2.5, indicating bearish sentiment or hedging activity. The 122% spread signals divergent expectations across timeframes. Most levels below 20.3 may cap rallies. Strong magnetic level at 20 (3 expirations). 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 | 20 | -0.30 (-1.45%) |
| Sep 19, 2025 | 15 | -5.30 (-26.09%) |
| Oct 17, 2025 | 2.5 | -17.80 (-87.68%) |
| Dec 19, 2025 | 20 | -0.30 (-1.45%) |
| Jan 16, 2026 | 15 | -5.30 (-26.09%) |
| Mar 20, 2026 | 22.5 | 2.20 (10.86%) |
| Jan 15, 2027 | 20 | -0.30 (-1.45%) |