Originally Posted by petegz28:
Triple Witching today....should be exciting
CNBC just said it's actually Quadruple witching today
What Is Quadruple Witching?
Quadruple witching refers to a date on which stock index futures, stock index options, stock options, and single stock futures expire simultaneously. While stock options contracts and index options expire on the third Friday of every month, all four asset classes expire simultaneously on the third Friday of March, June, September, and December. [Reply]
Originally Posted by Hog's Gone Fishin:
CNBC just said it's actually Quadruple witching today
What Is Quadruple Witching?
Quadruple witching refers to a date on which stock index futures, stock index options, stock options, and single stock futures expire simultaneously. While stock options contracts and index options expire on the third Friday of every month, all four asset classes expire simultaneously on the third Friday of March, June, September, and December.
I thought it was just Triple.....Bloomberg had a story last night about the amount of contracts and levels being where they are that this could be a wild day. [Reply]
SPYs are up against the 50 day SMA and so far are running into resistance
QQQs are up against previous price resistance and just below the 50 day SMA but are up so far today. Although they aren't looking like they are going to bust through any of that. [Reply]
Originally Posted by Hog's Gone Fishin:
CNBC just said it's actually Quadruple witching today
What Is Quadruple Witching?
Quadruple witching refers to a date on which stock index futures, stock index options, stock options, and single stock futures expire simultaneously. While stock options contracts and index options expire on the third Friday of every month, all four asset classes expire simultaneously on the third Friday of March, June, September, and December.
The last hour of trading you will see HUGE blocks trade. Volume could be 40-50% of total daily volume in last hour. [Reply]
I took 2 trades last week, closed one for 6% gain, and have gone back to scanning for setups. Once we start a run, you can really make some money quickly.
Not saying we are ready to run but there's at least setups to be found now. As I've mentioned before, progressive exposure allows one to see if setups are working before getting exposed more and risking large losses. I start with 20% exposure and ramp up from there. Again, the technique is to find stocks moving higher, not stocks dropping, when trading. The trend is your friend! [Reply]
I guess I'm going to have to open a fucking Webull account. Was wanting to grab some MULN and BBIG at 6 for a swing but the Webullers already have them up 25-30%
