TC Energy Corporation (TRP)
TC Energy Max Pain By Strike
TRP trades at $51.23, 7.9% above the near-term max pain of $47.5 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($8-$50), reflecting growing call interest at higher strikes. Key magnetic zone at 48 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
TC Energy Max Pain By Expiry
Max pain for TRP shows an upward trend from 8 to 50, suggesting bullish positioning in longer-dated options. The 107% spread signals divergent expectations across timeframes. Most levels below 51.23 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 |
|---|---|---|
| Aug 15, 2025 | 47.5 | -3.73 (-7.28%) |
| Sep 19, 2025 | 50 | -1.23 (-2.40%) |
| Oct 17, 2025 | 27.5 | -23.73 (-46.32%) |
| Nov 21, 2025 | 50 | -1.23 (-2.40%) |
| Dec 19, 2025 | 47.5 | -3.73 (-7.28%) |
| Jan 16, 2026 | 8 | -43.23 (-84.38%) |
| Feb 20, 2026 | 45 | -6.23 (-12.16%) |