(EWC)
Max Pain By Strike
EWC trades at $47.27, pinned near the near-term max pain of $47 expiring Sep 19, 2025 (32 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($38-$48), signaling increased put positioning or downside protection. Key magnetic zone at 46 where 3 expirations converge.
Max Pain By Expiry
Max pain for EWC shows a downward trend from 48 to 38, indicating bearish sentiment or hedging activity. The 23% spread signals divergent expectations across timeframes. Most levels below 47.27 may cap rallies. Strong magnetic level at 46 (3 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 19, 2025 | 47 | -0.27 (-0.56%) |
| Oct 17, 2025 | 38 | -9.27 (-19.60%) |
| Dec 19, 2025 | 46 | -1.27 (-2.68%) |
| Jan 16, 2026 | 46 | -1.27 (-2.68%) |
| Mar 20, 2026 | 48 | 0.73 (1.56%) |
| Jun 18, 2026 | 43 | -4.27 (-9.02%) |
| Jan 15, 2027 | 46 | -1.27 (-2.68%) |
| Dec 17, 2027 | 40 | -7.27 (-15.37%) |