ESSA Bancorp Inc. (ESSA)

ESSA trades at $20.61, 64.9% above the near-term max pain of $12.5 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$12.5), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ESSA shows a downward trend from 12.5 to 2.5, indicating bearish sentiment or hedging activity. The 133% spread signals divergent expectations across timeframes. Most levels below 20.61 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.