First Horizon Corporation (FHN)

FHN trades at $22.57, pinned near the near-term max pain of $23 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($15-$24), signaling increased put positioning or downside protection. Key magnetic zone at 22 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for FHN shows a downward trend from 24 to 15, indicating bearish sentiment or hedging activity. The 44% spread signals divergent expectations across timeframes. Most levels below 22.57 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.