Triple Witching Day Arrives, Bringing Expired Contracts and Market Volatility
• It's triple witching day - the simultaneous expiration of stock options, index options and index futures, leading to higher volatility • Happens 4 times a year on the 3rd Friday in March, June, September and December • Volume spikes as positions are closed out and contracts rolled over • Around $5T in stocks and indexes expiring options today • Traders take action around expirations, bringing arbitrage opportunities, so knowing that can prevent emotional reactions to market moves