(EES)

EES trades at $54.09, 38.7% above the near-term max pain of $39 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($39-$51), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for EES shows a downward trend from 51 to 39, indicating bearish sentiment or hedging activity. The 27% spread signals divergent expectations across timeframes. Most levels below 54.09 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.