Tsakos Energy Navigation ... (TEN)

TEN trades at $22.92, 31.0% above the near-term max pain of $17.5 expiring Sep 19, 2025 (10 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($17.5-$20), signaling increased put positioning or downside protection. Key magnetic zone at 18 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for TEN shows a downward trend from 20 to 17.5, indicating bearish sentiment or hedging activity. The 13% spread signals divergent expectations across timeframes. Most levels below 22.92 may cap rallies. Strong magnetic level at 18 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.