First Bancorp (FBNC)
First Bancorp Max Pain By Strike
FBNC trades at $52.22, 16.0% above the near-term max pain of $45 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($8-$45), signaling increased put positioning or downside protection. Key magnetic zone at 45 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
First Bancorp Max Pain By Expiry
Max pain for FBNC shows a downward trend from 45 to 8, indicating bearish sentiment or hedging activity. The 121% spread signals divergent expectations across timeframes. Most levels below 52.22 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 |
|---|---|---|
| Aug 15, 2025 | 45 | -7.22 (-13.83%) |
| Sep 19, 2025 | 20 | -32.22 (-61.70%) |
| Oct 17, 2025 | 25 | -27.22 (-52.13%) |
| Dec 19, 2025 | 40 | -12.22 (-23.40%) |
| Jan 16, 2026 | 8 | -44.22 (-84.68%) |
| Mar 20, 2026 | 45 | -7.22 (-13.83%) |