(EWN)

EWN trades at $54.13, 12.8% above the near-term max pain of $48 expiring Sep 19, 2025 (27 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($40-$52), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for EWN shows a downward trend from 52 to 40, indicating bearish sentiment or hedging activity. The 25% spread signals divergent expectations across timeframes. Most levels below 54.13 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.