(ESGD)

ESGD trades at $90.66, 27.7% above the near-term max pain of $71 expiring Sep 19, 2025 (15 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($7-$76), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ESGD shows a downward trend from 76 to 7, indicating bearish sentiment or hedging activity. The 134% spread signals divergent expectations across timeframes. Most levels below 90.66 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.