TransAlta Corporation (TAC)
TransAlta Max Pain By Strike
TAC trades at $12.38, 12.5% above the near-term max pain of $11 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($7-$97.5), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
TransAlta Max Pain By Expiry
Max pain for TAC shows a downward trend from 97.5 to 7, indicating bearish sentiment or hedging activity. The 361% spread signals divergent expectations across timeframes. Levels distributed around 12.38. 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 | 11 | -1.38 (-11.11%) |
| Oct 17, 2025 | 13 | 0.63 (5.05%) |
| Nov 21, 2025 | 10 | -2.38 (-19.19%) |
| Dec 19, 2025 | 7 | -5.38 (-43.43%) |
| Jan 16, 2026 | 97.5 | 85.13 (687.88%) |
| Mar 20, 2026 | 12 | -0.38 (-3.03%) |