Over $7 Trillion in Options Expire in 'Quadruple Witching' Day
About $7.1 trillion in notional exposure in options were due to expire Friday, the biggest ever, helping driving wilder price swings across the stock market, Bloomberg reported, citing data from Citigroup.
"Quadruple witching" is quarterly event, when equity derivatives including index options, single stock options, index futures and stock futures expire on the same day. This time, the volume due for expiration dwarfs the scale of previous such events, CNBC reported Friday, citing Goldman Sachs.
Goldman estimates that about $5 trillion of the expiring contracts are tied to the benchmark $S&P 500(.SPX)$
About 71 million options were traded Friday, exchange data showed. As expected, $Tesla Motors(TSLA)$
$NVIDIA(NVDA)$
@TigerStars @CaptainTiger @TigerWire @Daily_Discussion @Tiger_chat @Tiger_comments @MillionaireTiger
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
