(EWP)
Max Pain By Strike
EWP trades at $47.69, pinned near the near-term max pain of $48 expiring Sep 19, 2025 (18 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($41-$48), signaling increased put positioning or downside protection.
Max Pain By Expiry
Max pain for EWP shows a downward trend from 48 to 41, indicating bearish sentiment or hedging activity. The 16% spread signals divergent expectations across timeframes. Most levels below 47.69 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 | 48 | 0.31 (0.66%) |
| Oct 17, 2025 | 44 | -3.69 (-7.73%) |
| Jan 16, 2026 | 41 | -6.69 (-14.02%) |
| Apr 17, 2026 | 47 | -0.69 (-1.44%) |