Is the Options Market Predicting a Spike in First BanCorp Stock?

Core Viewpoint - Investors in First BanCorp. should closely monitor the stock due to significant movements in the options market, particularly the March 20, 2026 $15 Put which has high implied volatility [1] Group 1: Implied Volatility - Implied volatility indicates the market's expectation of future price movement, with high levels suggesting anticipation of a significant price change or an upcoming event that could trigger a rally or sell-off [2] - High implied volatility in options can attract traders looking to sell premium, as they aim to benefit from the decay of options value if the stock does not move as much as expected [4] Group 2: Analyst Insights - First BanCorp currently holds a Zacks Rank 3 (Hold) in the Banks – Southeast industry, which is in the top 27% of the Zacks Industry Rank [3] - Over the past 60 days, one analyst has raised earnings estimates for the current quarter, resulting in an increase of the Zacks Consensus Estimate from 52 cents per share to 53 cents [3]