(ESML)

ESML trades at $43.06, 34.6% above the near-term max pain of $32 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($30-$33), reflecting growing call interest at higher strikes. Key magnetic zone at 30 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ESML shows an upward trend from 30 to 33, suggesting bullish positioning in longer-dated options. The 10% spread suggests strong consensus on fair value. Most levels below 43.06 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.