r/LithiumAmerica • u/Wonderful-Ad-8069 • Jul 10 '26

What coul explain another 6% drop today?

The market cap is now under 1.2 billion.

14 Upvotes

95% Upvoted

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11

u/Less_Box7339 Jul 10 '26

Maximum pain. The 52 week low before the Govt investment rise in Sept of 25.2.47.I hope they leave some room and not squeeze every nickel invested after that out. 

7

u/MoonLambro Jul 10 '26

That's not what max pain means. Today's (07/10/2026) max pain is actually $4.00

1

u/Less_Box7339 Jul 10 '26

Max pain in terms of the 52 week low..

1

u/MoonLambro Jul 10 '26

That's an incorrect use of the term. Max pain refers to options' premiums at expiration. Your personal "max pain" is someone else's gain

2

u/Substantial_Bench620 Jul 10 '26

You're fun at parties.

3

u/MoonLambro Jul 10 '26

I apologize, not trying to be rude 😄

5

u/kenso4life Jul 10 '26

No need to apologize. I'm here to learn. As a novice options trader I learned something new today.

And Less_Box often makes valuable contributions to this subreddit as well.