(ESGE)
Max Pain By Strike
ESGE trades at $40.56, 12.7% above the near-term max pain of $36 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($33-$37), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for ESGE shows a downward trend from 37 to 33, indicating bearish sentiment or hedging activity. The 11% spread signals divergent expectations across timeframes. Most levels below 40.56 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 | 36 | -4.56 (-11.24%) |
| Oct 17, 2025 | 33 | -7.56 (-18.64%) |
| Jan 16, 2026 | 34 | -6.56 (-16.17%) |
| Apr 17, 2026 | 37 | -3.56 (-8.78%) |