First Mid Bancshares Inc. (FMBH)

FMBH trades at $38.85, 2.9% below the near-term max pain of $40 expiring Oct 17, 2025 (18 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($20-$40), 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 FMBH shows a downward trend from 40 to 20, indicating bearish sentiment or hedging activity. The 70% spread signals divergent expectations across timeframes. Most levels below 38.85 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.