(HEFA)

HEFA trades at $39.06, 14.9% above the near-term max pain of $34 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($30-$37), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for HEFA shows a downward trend from 37 to 30, indicating bearish sentiment or hedging activity. The 20% spread signals divergent expectations across timeframes. Most levels below 39.06 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.