Energizer Inc. (ENR)

ENR trades at $28.41, 13.6% above the near-term max pain of $25 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($15-$50), signaling increased put positioning or downside protection. Key magnetic zone at 25 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ENR shows a downward trend from 50 to 15, indicating bearish sentiment or hedging activity. The 132% spread signals divergent expectations across timeframes. Most levels below 28.41 may cap rallies. Strong magnetic level at 25 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.