Teekay Tankers Ltd. (TNK)
Teekay Tankers Max Pain By Strike
TNK trades at $45.03, pinned near the near-term max pain of $45 expiring Sep 19, 2025 (31 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($22.5-$99), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Teekay Tankers Max Pain By Expiry
Max pain for TNK shows a downward trend from 99 to 22.5, indicating bearish sentiment or hedging activity. The 156% spread signals divergent expectations across timeframes. Most levels below 45.03 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 |
|---|---|---|
| Sep 19, 2025 | 45 | -0.03 (-0.07%) |
| Oct 17, 2025 | 22.5 | -22.53 (-50.03%) |
| Nov 21, 2025 | 39 | -6.03 (-13.39%) |
| Feb 20, 2026 | 40 | -5.03 (-11.17%) |
| Jan 1, 2031 | 99 | 53.97 (119.85%) |