quad witching New York stock exchange witch

S&P 500 futures are down 48 points or 0.85%, which is near the pre-market low. The usual mix of tariff worries is weighing but there are also technical factors in the mix with a notional $4.7 trillion in options expiring today.

Quad witching are days when there is the expiration of:

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

Increasingly these products are the tail that wags the dog.

Source: Forex Live