(HEQT)

HEQT trades at $30.68, 22.7% above the near-term max pain of $25 expiring Sep 19, 2025 (32 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($24-$60), signaling increased put positioning or downside protection. Key magnetic zone at 25 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for HEQT shows a downward trend from 60 to 24, indicating bearish sentiment or hedging activity. The 113% spread signals divergent expectations across timeframes. Most levels below 30.68 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.