Tsakos Energy Navigation ... (TEN)

TEN trades at $22.22, pinned near the near-term max pain of $22.5 expiring Oct 17, 2025 (12 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($17.5-$22.5), reflecting growing call interest at higher strikes. Key magnetic zone at 20 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for TEN shows an upward trend from 17.5 to 22.5, suggesting bullish positioning in longer-dated options. The 25% spread signals divergent expectations across timeframes. Most levels below 22.22 may cap rallies. Strong magnetic level at 20 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.