Independent Bank Corporat... (IBCP)

IBCP trades at $31.63, 5.4% above the near-term max pain of $30 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($15-$95), signaling increased put positioning or downside protection. Key magnetic zone at 30 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IBCP shows a downward trend from 95 to 15, indicating bearish sentiment or hedging activity. The 226% spread signals divergent expectations across timeframes. Most levels below 31.63 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.