(ESGE)

ESGE trades at $40.99, 17.1% above the near-term max pain of $35 expiring Sep 19, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($33-$40), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ESGE shows a downward trend from 40 to 33, indicating bearish sentiment or hedging activity. The 20% spread signals divergent expectations across timeframes. Most levels below 40.99 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.