(TNA)
Max Pain By Strike
TNA trades at $43.1, 10.5% above the near-term max pain of $39 expiring Sep 12, 2025 (4 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($30-$97.5), reflecting growing call interest at higher strikes. Key magnetic zone at 40 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for TNA shows an upward trend from 30 to 97.5, suggesting bullish positioning in longer-dated options. The 156% spread signals divergent expectations across timeframes. Most levels below 43.1 may cap rallies. Strong magnetic level at 40 (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 |
|---|---|---|
| Sep 12, 2025 | 39 | -4.10 (-9.51%) |
| Sep 19, 2025 | 38 | -5.10 (-11.83%) |
| Sep 26, 2025 | 38.5 | -4.60 (-10.67%) |
| Oct 3, 2025 | 40 | -3.10 (-7.19%) |
| Oct 10, 2025 | 40 | -3.10 (-7.19%) |
| Oct 17, 2025 | 31 | -12.10 (-28.07%) |
| Oct 24, 2025 | 40 | -3.10 (-7.19%) |
| Jan 16, 2026 | 30 | -13.10 (-30.39%) |
| Apr 17, 2026 | 35 | -8.10 (-18.79%) |
| Dec 18, 2026 | 97.5 | 54.40 (126.22%) |
| Jan 15, 2027 | 48 | 4.90 (11.37%) |