Jennifer's avatar
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Quad Witching Friday!
Reminder that Friday is Quadruple Witching this week.

If you're not familiar with it and why it matters, here's a brief explanation:

  • the third Friday of every March, June, September, December
  • derivatives expire - this includes market index futures/options futures/stock options/stock futures, resulting in increased volatility (futures/options generally expire 3rd Friday of every month)
  • investors try and unwind their futures & options positions before the contracts expire, often including repurchasing contracts and closing out position market capitalizations
  • "quadruple witching hour" is the last hour of these trading days
  • Quadruple witching days are usually accompanied by considerable stock & derivative price volatility, as well as increased trading volume.

(see Investopedia link below for full details)

Rihard Jarc's avatar
Thx for the reminder totally forgot we have Quadruple Witching Friday.
Jennifer's avatar
@rihardjarc I always forget, so this year I marked it on the calendar. Glad the reminder is helpful! Never sure how many people use it to their advantage but I know I try to!
Rihard Jarc's avatar
@jennymanydots Also always good to know if something weird is happening in the market at that day, so you don't falsely misinterpret it.
Dividend Dollars's avatar
Oh god it’s the perfect storm tomorrow
Joshua Simka's avatar
Ooh, I appreciate the reminder! Apparently a bent coin ($BENTCOIN? lol!) has been thought to serve as protection against witches. In any case, be careful out there and try to enjoy the long weekend :)
Jennifer's avatar
@tomato lol, might have to get myself a bent coin 😂 is it a long weekend?! Not in Canada 🇨🇦 but happy long weekend to you!
Joey Hirendernath's avatar
Thanks for this explanation Jennifer. I was not familiar with the concept of “quadruple witching"