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Friday 18 June 2021 is ‘quadruple witching’ day

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Witching hour is the final hour of trading on the 3rd Friday of each month as options and futures on stocks and stock indexes expire.

More specifically, expiry of:

  • stock index futures, 
  • stock index options, 
  • stock options 
  • and single stock futures

Market folklore says the final hour of (US cash market) trading today, 3- 4 pm ET, will be more volatile than usual due to QWH! 

Ummm, maybe, maybe not. So far its an excuse for the complete absence of FX volatility in Asia today … Then again the timezone here doesn’t often need much of an excuse.   🙁 

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