Sixth Street Specialty Le... (TSLX)
Sixth Street Specialty Lending Max Pain By Strike
TSLX trades at $24.22, 7.6% above the near-term max pain of $22.5 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($12.5-$95), signaling increased put positioning or downside protection. Key magnetic zone at 23 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Sixth Street Specialty Lending Max Pain By Expiry
Max pain for TSLX shows a downward trend from 95 to 12.5, indicating bearish sentiment or hedging activity. The 232% spread signals divergent expectations across timeframes. Levels distributed around 24.22. 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 | 22.5 | -1.72 (-7.10%) |
| Oct 17, 2025 | 12.5 | -11.72 (-48.39%) |
| Dec 19, 2025 | 22.5 | -1.72 (-7.10%) |
| Jan 16, 2026 | 95 | 70.78 (292.24%) |
| Mar 20, 2026 | 25 | 0.78 (3.22%) |