(EWS)
Max Pain By Strike
EWS trades at $27.89, 3.3% above the near-term max pain of $27 expiring Sep 19, 2025 (22 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($18-$27), 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 EWS shows a downward trend from 27 to 18, indicating bearish sentiment or hedging activity. The 39% spread signals divergent expectations across timeframes. Most levels below 27.89 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 | 27 | -0.89 (-3.19%) |
Oct 17, 2025 | 18 | -9.89 (-35.46%) |
Nov 21, 2025 | 22 | -5.89 (-21.12%) |
Feb 20, 2026 | 26 | -1.89 (-6.78%) |