(EQWL)

EQWL trades at $112.16, 7.8% above the near-term max pain of $104 expiring Sep 19, 2025 (33 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($88-$104), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for EQWL shows a downward trend from 104 to 88, indicating bearish sentiment or hedging activity. The 16% spread signals divergent expectations across timeframes. Most levels below 112.16 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.