TEGNA Inc. (TGNA)
TEGNA Max Pain By Strike
TGNA trades at $21.06, pinned near the near-term max pain of $21 expiring Sep 19, 2025 (26 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($5-$22), reflecting growing call interest at higher strikes. Key magnetic zone at 17 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
TEGNA Max Pain By Expiry
Max pain for TGNA shows an upward trend from 5 to 22, suggesting bullish positioning in longer-dated options. The 106% spread signals divergent expectations across timeframes. Most levels below 21.06 may cap rallies. Strong magnetic level at 17 (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 | 21 | -0.06 (-0.28%) |
| Oct 17, 2025 | 18 | -3.06 (-14.53%) |
| Dec 19, 2025 | 17 | -4.06 (-19.28%) |
| Jan 16, 2026 | 17 | -4.06 (-19.28%) |
| Mar 20, 2026 | 17 | -4.06 (-19.28%) |
| Apr 17, 2026 | 12 | -9.06 (-43.02%) |
| Jun 18, 2026 | 15 | -6.06 (-28.77%) |
| Sep 18, 2026 | 5 | -16.06 (-76.26%) |
| Dec 18, 2026 | 22 | 0.94 (4.46%) |