(ESGU)

ESGU trades at $141.08, 5.3% above the near-term max pain of $134 expiring Sep 19, 2025 (26 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($107-$138), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ESGU shows a downward trend from 138 to 107, indicating bearish sentiment or hedging activity. The 25% spread signals divergent expectations across timeframes. Most levels below 141.08 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.