Wall Street is bracing for a triple witching, which could cause sector volatility. Yahoo money management’s Julie Hyman joins Wealth! to explain the term and what it could mean for your collection of investments.
Triple witching is the expiration of different types of contracts, such as stock options, stock index futures, and stock index options contracts. This occurs on a quarterly basis on the third Friday of the month.
According to various estimates, the sector could see $4.8 trillion to $5.5 trillion worth of contracts expiring in the day’s session, causing a significant uptick in volume. However, individual investors not involved in the options sector should remain largely unaffected.
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