Teekay Tankers Ltd. (TNK)
Teekay Tankers Max Pain By Strike
TNK trades at $53.37, 33.4% above the near-term max pain of $40 expiring Sep 19, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($39-$99), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 2 expirations converge. 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 39, indicating bearish sentiment or hedging activity. The 114% spread signals divergent expectations across timeframes. Most levels below 53.37 may cap rallies. 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 19, 2025 | 40 | -13.37 (-25.05%) |
| Oct 17, 2025 | 45 | -8.37 (-15.68%) |
| Nov 21, 2025 | 39 | -14.37 (-26.93%) |
| Feb 20, 2026 | 40 | -13.37 (-25.05%) |
| Jan 1, 2031 | 99 | 45.63 (85.50%) |