Essex Property Trust Inc. (ESS)

ESS trades at $267.84, 3.0% above the near-term max pain of $260 expiring Oct 17, 2025 (19 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($240-$290), signaling increased put positioning or downside protection. Key magnetic zone at 260 where 2 expirations converge.

Max pain for ESS shows a downward trend from 290 to 240, indicating bearish sentiment or hedging activity. The 19% spread signals divergent expectations across timeframes. Most levels below 267.84 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.