TEGNA Inc. (TGNA)
TEGNA Max Pain By Strike
TGNA trades at $20.5, 7.9% above the near-term max pain of $19 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($5-$22), reflecting growing call interest at higher strikes. Key magnetic zone at 17 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
TEGNA Max Pain By Expiry
Max pain for TGNA shows an upward trend from 5 to 22, suggesting bullish positioning in longer-dated options. The 106% spread signals divergent expectations across timeframes. Most levels below 20.5 may cap rallies. Strong magnetic level at 17 (4 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 | 19 | -1.50 (-7.34%) |
| Sep 19, 2025 | 20 | -0.50 (-2.46%) |
| Oct 17, 2025 | 17 | -3.50 (-17.09%) |
| Dec 19, 2025 | 17 | -3.50 (-17.09%) |
| Jan 16, 2026 | 17 | -3.50 (-17.09%) |
| Mar 20, 2026 | 15 | -5.50 (-26.85%) |
| Apr 17, 2026 | 12 | -8.50 (-41.48%) |
| Jun 18, 2026 | 17 | -3.50 (-17.09%) |
| Sep 18, 2026 | 5 | -15.50 (-75.62%) |
| Dec 18, 2026 | 22 | 1.50 (7.29%) |