First BanCorp. (FBP)
First Ban Max Pain By Strike
FBP trades at $21.36, 42.4% above the near-term max pain of $15 expiring Sep 19, 2025 (29 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($9-$17.5), reflecting growing call interest at higher strikes. Key magnetic zone at 13 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
First Ban Max Pain By Expiry
Max pain for FBP shows an upward trend from 9 to 17.5, suggesting bullish positioning in longer-dated options. The 64% spread signals divergent expectations across timeframes. Most levels below 21.36 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 | 15 | -6.36 (-29.78%) |
| Oct 17, 2025 | 12.5 | -8.86 (-41.48%) |
| Dec 19, 2025 | 17.5 | -3.86 (-18.07%) |
| Jan 16, 2026 | 9 | -12.36 (-57.87%) |
| Mar 20, 2026 | 12.5 | -8.86 (-41.48%) |