Bittime - Quadruple Witching Day is a day on which four types of financial contracts expire simultaneously, increasing trading volume and volatility. Occurs on the third Friday in March, June, September, and December, with 2024 dates: March 15, June 21, September 20, and December 20.
What is Quadruple Witching Day?
In terms of Quadruple Witching Day, stock option contracts, index futures, and index futures derivative options are terminated four times in one year. Like single stock futures, the fourth type of contract involved in the quadruple witching trick has not been traded in the US since 2020 and has never contributed to equity trading volume in a significant way.
The months of March, June, September, and December are the third Friday of what is now known as the magic three. As traders adjust their portfolios, equity trading volume tends to increase on these days and is usually highest during the final hours of trading.
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Date of Quadruple Witching Day
The third Friday in March, June, September and December are the four magical days in the financial markets. Four types of financial contracts currently expire simultaneously such as: stock index futures, stock options, stock index options, and single stock futures.The date that takes place in 2024 is the 15th March, June 21, September 20 and December 20.
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Market Impact dari Quadruple Witching Day
One reason why the combination of monthly and quarterly derivative expirations generates a lot of trading is because in-the-money options contracts are subject to automatic exercise, meaning in the case of a call option, the underlying shares must be delivered.
When the price of the underlying security is higher than the strike price of the option, the call option is profitable; conversely, when the stock price is below the strike price, the put option is in-the-money. The expiration of an in-the-money option increases trading volume because the underlying stock is bought or sold to close out the option trade.
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Conclusion
Quadruple Witching Day is a day on which four types of financial contracts of stock index futures, stock options, stock index options and single stock futures expire simultaneously. This event occurs four times every year on the third Friday in March, June, September, and December. Due to the automatic exercise of in-the-money options, which forces the purchase or sale of the underlying stock, trading volume increases and trading volatility increases. March 15, June 21, September 20, and December 20 are the four Witching Days in 2024.
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You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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