Civista Bancshares Inc. (CIVB)

CIVB trades at $20.45, 2.2% above the near-term max pain of $20 expiring Oct 17, 2025 (12 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($5-$22.5), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CIVB shows a downward trend from 22.5 to 5, indicating bearish sentiment or hedging activity. The 109% spread signals divergent expectations across timeframes. Most levels below 20.45 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.