Elme Communities (ELME)

ELME trades at $16.82, 572.8% above the near-term max pain of $2.5 expiring Oct 17, 2025 (18 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$17.5), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ELME shows a downward trend from 17.5 to 2.5, indicating bearish sentiment or hedging activity. The 188% spread signals divergent expectations across timeframes. Most levels below 16.82 may cap rallies. Strong magnetic level at 3 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.