(EWQ)

EWQ trades at $43.56, 8.9% above the near-term max pain of $40 expiring Sep 19, 2025 (29 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($30-$40), signaling increased put positioning or downside protection. Key magnetic zone at 37 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for EWQ shows a downward trend from 40 to 30, indicating bearish sentiment or hedging activity. The 28% spread signals divergent expectations across timeframes. Most levels below 43.56 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.