Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Teekay Tankers options about one week from expiration was $89.75. The chart above shows the exact max pain for each expiration date.

Teekay Tankers closed above its near-term max pain on 17 of the last 20 trading days. On Nov 4, 2026 it closed at $88.81, 1.1% below max pain of $89.75.

Over the last 20 trading days, near-term max pain for Teekay Tankers ranged from $88.68 to $100.07. It went from $100.07 on Oct 8, 2026 to $89.75 on Nov 4, 2026. See the TNK max pain history for a longer view.

Teekay Tankers Ltd is a provider of marine services to the international oil and natural gas industries and an operator of medium-sized oil tankers.