First BanCorp. (FBP)

FBP trades at $22.34, 11.7% above the near-term max pain of $20 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($9-$20), reflecting growing call interest at higher strikes. Key magnetic zone at 13 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for FBP shows an upward trend from 9 to 20, suggesting bullish positioning in longer-dated options. The 77% spread signals divergent expectations across timeframes. Most levels below 22.34 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.