BlackRock TCP Capital Cor... (TCPC)
BlackRock TCP Capital Max Pain By Strike
TCPC trades at $7.14, 4.8% below the near-term max pain of $7.5 expiring Sep 19, 2025 (30 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($2.5-$7.5), signaling increased put positioning or downside protection. Key magnetic zone at 8 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
BlackRock TCP Capital Max Pain By Expiry
Max pain for TCPC shows a downward trend from 7.5 to 2.5, indicating bearish sentiment or hedging activity. The 78% spread signals divergent expectations across timeframes. Levels distributed around 7.14. Strong magnetic level at 8 (3 expirations). 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 | 7.5 | 0.36 (4.97%) |
| Oct 17, 2025 | 2.5 | -4.64 (-65.01%) |
| Nov 21, 2025 | 7.5 | 0.36 (4.97%) |
| Jan 16, 2026 | 7 | -0.14 (-2.03%) |
| Feb 20, 2026 | 7.5 | 0.36 (4.97%) |