(ESGE)
Max Pain By Strike
ESGE trades at $40.41, 15.5% above the near-term max pain of $35 expiring Sep 19, 2025 (29 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($33-$40), 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 ESGE shows a downward trend from 40 to 33, indicating bearish sentiment or hedging activity. The 20% spread signals divergent expectations across timeframes. Most levels below 40.41 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 | 35 | -5.41 (-13.39%) |
| Oct 17, 2025 | 33 | -7.41 (-18.34%) |
| Jan 16, 2026 | 34 | -6.41 (-15.86%) |
| Apr 17, 2026 | 40 | -0.41 (-1.01%) |