Brace for the 3rd Quadruple Witching Day of 2020

Quadruple witching occurs on the third Friday of the months that end each quarter. This is where options and futures both expire on stocks and on the indexes.

Quadruple witching can spark some of the busiest trading days of the year. About 90 million option contracts are set to expire Friday accordingly. When people have those expirations, typically the market get some more volatility.”

In the past 10 years, the $S&P 500 Index (.SPX.US)$ has declined 0.2% on average the day of a quad witching. Be cautious and happy trading