(EWX)

EWX trades at $65.69, 9.5% above the near-term max pain of $60 expiring Sep 19, 2025 (17 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($40-$61), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for EWX shows a downward trend from 61 to 40, indicating bearish sentiment or hedging activity. The 39% spread signals divergent expectations across timeframes. Most levels below 65.69 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.