Teekay Tankers Ltd. (TNK)
Teekay Tankers Max Pain By Strike
TNK trades at $43.8, pinned near the near-term max pain of $44 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($22.5-$99), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Teekay Tankers Max Pain By Expiry
Max pain for TNK shows a downward trend from 99 to 22.5, indicating bearish sentiment or hedging activity. The 159% spread signals divergent expectations across timeframes. Levels distributed around 43.8. 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 | 44 | 0.20 (0.46%) |
| Sep 19, 2025 | 45 | 1.20 (2.74%) |
| Oct 17, 2025 | 22.5 | -21.30 (-48.63%) |
| Nov 21, 2025 | 39 | -4.80 (-10.96%) |
| Feb 20, 2026 | 40 | -3.80 (-8.68%) |
| Jan 1, 2031 | 99 | 55.20 (126.03%) |