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dpdoor (29.16)

What Does Triple Witching Mean?

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December 19, 2008 – Comments (2) | RELATED TICKERS: BAC , GE

This is from Investopedia

 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 on the third Friday of March, June, September and December.  This phenomenon is sometimes referred to as "freaky Friday". Investopedia explains Triple Witching...

The final trading hour for that Friday is the hour known as triple witching. The markets are quite volatile in this final hour, as traders quickly offset their option/futures orders before the closing bell. If you are a long-term investor

 

From me: Don't panic, look for deals when the market is under 8500

2 Comments – Post Your Own

#1) On December 19, 2008 at 12:41 PM, dpdoor (29.16) wrote:

This is the last Triple Witching befoe Obama takes office.

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#2) On December 19, 2008 at 4:49 PM, motleyanimal (86.99) wrote:

I thought it was the night when Cheney has to return to Hell and report to his Satanic Master.

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