"Quadruple witching, occurs on the third Friday of the month of every quarter, in March, June, September, and December, and refers to the simultaneous expiration of single-stock options, single-stock futures, and stock-index options and stock-futures.
Equities have already experienced a bout of renewed volatility last Thursday that may have cracked Wall Street’s bullish patina, with the Dow Jones Industrial Average DJIA, -0.15% tumbling 7% and the S&P 500 SPX, +0.05% tanking by 6%.
However, Friday’s quad witching period, could mark the start of a further bumpy patch for the market, including the rebalancing of Russell indexes, which concludes on June 26, and the start of a new batch of quarterly corporate earnings reports in mid July. |