TransAlta Corporation (TAC)

TAC trades at $14.48, 11.4% above the near-term max pain of $13 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($8-$97.5), signaling increased put positioning or downside protection. Key magnetic zone at 12 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for TAC shows a downward trend from 97.5 to 8, indicating bearish sentiment or hedging activity. The 314% spread signals divergent expectations across timeframes. Most levels below 14.48 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.