Eversource Energy (ES)

ES trades at $69.78, 7.4% above the near-term max pain of $65 expiring Oct 17, 2025 (18 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($60-$6284.9), signaling increased put positioning or downside protection. Key magnetic zone at 65 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ES shows a downward trend from 6284.9 to 60, indicating bearish sentiment or hedging activity. The 476% spread signals divergent expectations across timeframes. Most levels below 69.78 may cap rallies. Strong magnetic level at 65 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.