(ERX)
Max Pain By Strike
ERX trades at $55.73, 5.2% above the near-term max pain of $53 expiring Sep 19, 2025 (7 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($42-$55), reflecting growing call interest at higher strikes. Key magnetic zone at 53 where 2 expirations converge.
Max Pain By Expiry
Max pain for ERX shows an upward trend from 42 to 55, suggesting bullish positioning in longer-dated options. The 26% spread signals divergent expectations across timeframes. Most levels below 55.73 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 53 | -2.73 (-4.90%) |
| Oct 17, 2025 | 53 | -2.73 (-4.90%) |
| Jan 16, 2026 | 55 | -0.73 (-1.31%) |
| Apr 17, 2026 | 45 | -10.73 (-19.25%) |
| Jun 18, 2026 | 42 | -13.73 (-24.64%) |
| Jan 15, 2027 | 50 | -5.73 (-10.28%) |