(EWX)
Max Pain By Strike
EWX trades at $67.22, 12.0% above the near-term max pain of $60 expiring Sep 19, 2025 (10 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($40-$61), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for EWX shows a downward trend from 61 to 40, indicating bearish sentiment or hedging activity. The 39% spread signals divergent expectations across timeframes. Most levels below 67.22 may cap rallies. 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 | 60 | -7.22 (-10.74%) |
| Oct 17, 2025 | 40 | -27.22 (-40.50%) |
| Jan 16, 2026 | 56 | -11.22 (-16.69%) |
| Apr 17, 2026 | 61 | -6.22 (-9.26%) |