EnerSys (ENS)

ENS trades at $115.7, 10.2% above the near-term max pain of $105 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($8-$105), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ENS shows an upward trend from 8 to 105, suggesting bullish positioning in longer-dated options. The 135% spread signals divergent expectations across timeframes. Most levels below 115.7 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.