(FTC)

FTC trades at $156.7, 5.9% above the near-term max pain of $148 expiring Sep 19, 2025 (17 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($138-$151), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for FTC shows a downward trend from 151 to 138, indicating bearish sentiment or hedging activity. The 9% spread suggests strong consensus on fair value. Most levels below 156.7 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.