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BHB was up last Friday by over 6%. That's a LOT. But I've looked through the week-end and I can't find anything that might EXPLAIN it. Anyone have any thoughts? Who has the skinny on this? Thanks. (Wish my OTHERS did so well!)
To cop a line from Phantom of the Opera - ”These things do happen” ...
BHP is down slightly today. Worth noting - It is down about 5% the past 5 days according to Google. Friday was a big quarterly options expiration date. Likely played a part.
WSJ Article: Traders Brace for Largest Options Expiration in Two Years - “$4 Trillion - That’s the value of the equities underlying options contracts set to expire Friday, according to Goldman Sachs. Quarterly options expiration dates, such as today's, tend to see more activity because they tend to coincide with Wall Street's reporting dates.”
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BHP is down slightly today. Worth noting - It is down about 5% the past 5 days according to Google.
Friday was a big quarterly options expiration date. Likely played a part.
WSJ Article: Traders Brace for Largest Options Expiration in Two Years -
“$4 Trillion - That’s the value of the equities underlying options contracts set to expire Friday, according to Goldman Sachs. Quarterly options expiration dates, such as today's, tend to see more activity because they tend to coincide with Wall Street's reporting dates.”
Source: https://www.wsj.com/livecoverage/stock-market-news-today-12-16-2022/card/traders-brace-for-largest-options-expiration-in-two-years-Zg0tj1YBlx2dqaenWqDS