(EWS)

EWS trades at $28.53, 5.7% above the near-term max pain of $27 expiring Sep 19, 2025 (9 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($22-$27), signaling increased put positioning or downside protection. Key magnetic zone at 27 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for EWS shows a downward trend from 27 to 22, indicating bearish sentiment or hedging activity. The 20% spread signals divergent expectations across timeframes. Most levels below 28.53 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.