(ETHA)
Max Pain By Strike
ETHA trades at $32.66, pinned near the near-term max pain of $33 expiring Sep 12, 2025 (2 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($20-$33), signaling increased put positioning or downside protection. Key magnetic zone at 33 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for ETHA shows a downward trend from 33 to 20, indicating bearish sentiment or hedging activity. The 46% spread signals divergent expectations across timeframes. Most levels below 32.66 may cap rallies. Strong magnetic level at 33 (4 expirations). 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 12, 2025 | 33 | 0.34 (1.04%) |
| Sep 19, 2025 | 27 | -5.66 (-17.33%) |
| Sep 26, 2025 | 32.5 | -0.16 (-0.49%) |
| Oct 3, 2025 | 33 | 0.34 (1.04%) |
| Oct 10, 2025 | 32.5 | -0.16 (-0.49%) |
| Oct 17, 2025 | 30 | -2.66 (-8.14%) |
| Oct 24, 2025 | 30.5 | -2.16 (-6.61%) |
| Nov 21, 2025 | 32 | -0.66 (-2.02%) |
| Dec 19, 2025 | 21 | -11.66 (-35.70%) |
| Jan 16, 2026 | 29 | -3.66 (-11.21%) |
| Feb 20, 2026 | 30 | -2.66 (-8.14%) |
| Mar 20, 2026 | 28 | -4.66 (-14.27%) |
| Apr 17, 2026 | 28 | -4.66 (-14.27%) |
| Jan 15, 2027 | 20 | -12.66 (-38.76%) |
| Jun 17, 2027 | 20 | -12.66 (-38.76%) |
| Dec 17, 2027 | 30 | -2.66 (-8.14%) |