First Horizon Corporation (FHN)

FHN trades at $22.05, 22.5% above the near-term max pain of $18 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($14-$22), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for FHN shows a downward trend from 22 to 14, indicating bearish sentiment or hedging activity. The 44% spread signals divergent expectations across timeframes. Most levels below 22.05 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.