(EWI)

EWI trades at $51.62, 12.2% above the near-term max pain of $46 expiring Sep 19, 2025 (8 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($42-$53), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for EWI shows a downward trend from 53 to 42, indicating bearish sentiment or hedging activity. The 23% spread signals divergent expectations across timeframes. Most levels below 51.62 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.