noun General Slang

Triple witching

· noun · finance

Quarterly Friday when stock options, index options and index futures all expire together.

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Definitions

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Third Friday of March, June, September and December. Three derivative classes — stock options, stock-index futures and stock-index options — expire on the same day. Hedges get unwound en masse, volume explodes, and weird closing prints are a feature, not a bug. (Single-stock futures made it 'quadruple witching' for a while, but those got delisted.)

“Volume on triple witching can hit three times an average Friday — algos love it.”
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Triple witching In A Sentence

Volume on triple witching can hit three times an average Friday — algos love it.

Origin & Usage

Variants triple-witchingtriple witching hour
Tags #finance#wall-street#options#futures

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