First BanCorp. (FBP)
First Ban Max Pain By Strike
FBP trades at $21.14, 5.7% above the near-term max pain of $20 expiring Aug 15, 2025 (0 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.
First Ban Max Pain By Expiry
Max pain for FBP shows an upward trend from 9 to 20, suggesting bullish positioning in longer-dated options. The 76% spread signals divergent expectations across timeframes. Most levels below 21.14 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 | 20 | -1.14 (-5.39%) |
| Sep 19, 2025 | 15 | -6.14 (-29.04%) |
| Oct 17, 2025 | 12.5 | -8.64 (-40.87%) |
| Dec 19, 2025 | 17.5 | -3.64 (-17.22%) |
| Jan 16, 2026 | 9 | -12.14 (-57.43%) |
| Mar 20, 2026 | 12.5 | -8.64 (-40.87%) |