First Watch Restaurant Gr... (FWRG)
First Watch Restaurant Max Pain By Strike
FWRG trades at $17.89, 19.3% above the near-term max pain of $15 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$17.5), signaling increased put positioning or downside protection. Key magnetic zone at 15 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
First Watch Restaurant Max Pain By Expiry
Max pain for FWRG shows a downward trend from 17.5 to 2.5, indicating bearish sentiment or hedging activity. The 120% spread signals divergent expectations across timeframes. Most levels below 17.89 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 |
|---|---|---|
| Aug 15, 2025 | 15 | -2.89 (-16.15%) |
| Sep 19, 2025 | 17.5 | -0.39 (-2.18%) |
| Oct 17, 2025 | 2.5 | -15.39 (-86.03%) |
| Nov 21, 2025 | 15 | -2.89 (-16.15%) |
| Feb 20, 2026 | 12.5 | -5.39 (-30.13%) |