TC Energy Corporation (TRP)
TC Energy Max Pain By Strike
TRP trades at $51.4, 2.8% above the near-term max pain of $50 expiring Sep 19, 2025 (14 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($8-$52.5), reflecting growing call interest at higher strikes. Key magnetic zone at 48 where 2 expirations converge.
TC Energy Max Pain By Expiry
Max pain for TRP shows an upward trend from 8 to 52.5, suggesting bullish positioning in longer-dated options. The 105% spread signals divergent expectations across timeframes. Most levels below 51.4 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 | 50 | -1.40 (-2.72%) |
| Oct 17, 2025 | 52.5 | 1.10 (2.14%) |
| Nov 21, 2025 | 50 | -1.40 (-2.72%) |
| Dec 19, 2025 | 47.5 | -3.90 (-7.59%) |
| Jan 16, 2026 | 8 | -43.40 (-84.44%) |
| Feb 20, 2026 | 47.5 | -3.90 (-7.59%) |