Farmers & Merchants Banco... (FMAO)

FMAO trades at $25.3, pinned near the near-term max pain of $25 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($15-$95), 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 FMAO shows a downward trend from 95 to 15, indicating bearish sentiment or hedging activity. The 242% spread signals divergent expectations across timeframes. Most levels below 25.3 may cap rallies. Strong magnetic level at 15 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.