(ECLN)
Max Pain By Strike
ECLN trades at $32.31, 19.7% above the near-term max pain of $27 expiring Sep 19, 2025 (15 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($25-$28), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for ECLN shows a downward trend from 28 to 25, indicating bearish sentiment or hedging activity. The 11% spread signals divergent expectations across timeframes. Most levels below 32.31 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 | 27 | -5.31 (-16.45%) |
| Oct 17, 2025 | 25 | -7.31 (-22.64%) |
| Jan 16, 2026 | 26 | -6.31 (-19.54%) |
| Apr 17, 2026 | 28 | -4.31 (-13.35%) |