Emera (EMA)

EMA trades at $47.88, 6.4% above the near-term max pain of $45 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($25-$45), signaling increased put positioning or downside protection. Key magnetic zone at 45 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for EMA shows a downward trend from 45 to 25, indicating bearish sentiment or hedging activity. The 50% spread signals divergent expectations across timeframes. Most levels below 47.88 may cap rallies. Strong magnetic level at 45 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.