Niocorp Developments Ltd (NB): I think I know why the price dropped yes...

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Niocorp Developments Ltd (NB)

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Saturday, 02/17/2024 3:41:53 PM

Saturday, February 17, 2024 3:41:53 PM

I think I know why the price dropped yesterday. 16 FEB was an options expiry day. I know, because I got an alert my $10 call options I bought last year expired worthless. It was a hail mary buy, $2,000 up in smoke. I've lost more on a single bet at a Windsor casino.

To be honest, I'd forgotten about those options (why did I even download the Robinhood app!?).

But it made me realize for every call expiring there must have been some puts expiring on the 16th too, and most likely people were cashing out their short positions.

No material news, just an expiry day. That's probably why the price dropped.

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