$Advanced Micro Devices (AMD.US)$ The nature of quadruple wi...

$Advanced Micro Devices (AMD.US)$ The nature of quadruple witching is that there is the possibility of massive volatility, so markets taking a defensive stance is honestly understandable. It's fairly obvious at this point AMD is in the "high risk" category to most traders while still being serious enough for institutions, and thus amongst the first to get cut when risk appetites go down and vice versa. The same can be said about Nasdaq relative to DJ in general.

There's also the point that options are increasingly used a leverage tool rather than a means to reduce risk, and the people who do so are, at the risk of generalising, usually the kind to hang around on WSB and expect stocks to only go up. This has produced a situation where there is notably more call contracts on stocks like AMD, which when their expire produces sell pressure as market makers close their long hedging positions.

Given this, I expect sell pressures to remain strong for AMD until at least Monday.