First Watch Restaurant Gr... (FWRG)

FWRG trades at $16, 6.7% above the near-term max pain of $15 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($12.5-$15), signaling increased put positioning or downside protection. Key magnetic zone at 15 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for FWRG shows a downward trend from 15 to 12.5, indicating bearish sentiment or hedging activity. The 17% spread signals divergent expectations across timeframes. Most levels below 16 may cap rallies. Strong magnetic level at 15 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.