(ENZL)

ENZL trades at $46.62, 11.0% above the near-term max pain of $42 expiring Sep 19, 2025 (9 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($40-$42), signaling increased put positioning or downside protection. Key magnetic zone at 42 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ENZL shows a downward trend from 42 to 40, indicating bearish sentiment or hedging activity. The 5% spread suggests strong consensus on fair value. Most levels below 46.62 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.