Triple Witching [Freaky Friday]

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Old Sep 15, 2005, 11:10pm   #1
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Triple Witching [Freaky Friday]

TRIPLE WITCHING DAY TOMORROW GUYS & DOLLS
UK and US options [stock & indices] ALSO futrs contracts [expiry day]

Triple Witching
An event that occurs when the contracts for stock index futures, stock index options, and stock options all expire on the same day. Triple Witching Days happen four times a year: the third Friday of March, June, September, and December. This phenomenon is sometimes referred to as "Freaky Friday."



The final trading hour for that Friday is the hour known as triple witching. In this final hour, the markets are quite volatile as traders are quickly offsetting their option/futures order before the closing bell. If you are a long-term investor, then triple witching has a minimal impact on you.

Last edited by bulldozer; Sep 15, 2005 at 11:42pm.
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Old Sep 15, 2005, 11:45pm   #2
 
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Ha ! Ha ! Love It ! Great fun to be had if you are on the ball, usually fast market running on these days. Not recommended for the slow or faint hearted.
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Old Sep 16, 2005, 12:17am   #3
 
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hmm are they white witches? when did they tag that onto it ? why not triple wizard friday?
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Old Sep 16, 2005, 9:11am   #4
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Quote:
Originally Posted by fxmarkets
hmm are they white witches? when did they tag that onto it ? why not triple wizard friday?
================================================== ==================

Big spikes can happen on these types of expiry days! Watch OUT! It can EVEN turn a black man face WHITE if your caught wiv many positions on the WRONG side! Watch those margins TOO!!

Bull
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Old Sep 16, 2005, 9:56am   #5
 
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Quote:
Originally Posted by bulldozer
================================================== ==================

Big spikes can happen on these types of expiry days! Watch OUT! It can EVEN turn a black man face WHITE if your caught wiv many positions on the WRONG side! Watch those margins TOO!!

Bull
Yes indeed and the last one was a marvellous fireworks display.

It served to rattle the lobster.
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Old Sep 16, 2005, 2:17pm   #6
 
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Quadruple witching today, not triple.................
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Old Sep 16, 2005, 2:47pm   #7
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bulldozer started this thread FTSE up 30 pts@ 5413. Options xprd @ 5417 10-30 am this mrng.

All the PUT Options strikes below 5375 finished WORTHLESS! Another good day for the put writers! including the 5375 strike! [on footsie index]

FTSE FTRS trading at 32 pts premium.


Dax up 78 pts

CAC up 42 pts

Dow ftrs up 55 pts @10,652
Dow cash up 49 pts @ 10,608
Ftrs trading at 44 pts prems

AND DONT FORGET TRIPLE WITCHING DAY IS NOT OVER UNTIL THE CLOSING BELL AT WALL STREET .

Bull

Happy Week-end to all! Lurkers too

Last edited by bulldozer; Sep 16, 2005 at 3:04pm.
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Old Dec 10, 2008, 10:40am   #8
 
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What do you guys think of the coming triple witching, this December ? Up or down ?
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Old Dec 10, 2008, 10:42am   #9
 
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