This year, triple witching day fell on Friday, perfectly timed to set off a post-St.
The ambience feels relaxed and chic, the perfect place for a happy hour cocktail or a witching hour nightcap.
Quadruple witching expirations have averaged a return of 0.86%, and they have been positive 73% of the time.
FORBES: Quadruple Witching Expiration Week Not So Wicked, Except For OpenTable
It is also quadruple witching, when futures and options expire, and this generally causes a pickup in volatility.
FORBES: The Week Ahead: Will Plunging Stocks Sink Vacation Plans?
If Japan and Hong Kong are still today's story, this is tomorrow's, and we're getting near the witching hour.
Friday is triple witching day, which often corresponds with an increase in volatility.
Friday is additionally triple witching the end-of-the-quarter event when the stock-index futures, stock-index options, and stock options for December all expire.
But at the witching hour, I did drink with maniacal utilitarianism.
With all of the different market players closing and rolling positions, it is generally accepted that quadruple witching expirations have a lot of potential for volatility.
FORBES: Quadruple Witching Expiration Week Not So Wicked, Except For OpenTable
The weeks leading up to these triple witching days have become more bullish in recent decades, while the weeks following have become more bearish, Mr. Hirsch says.
Since 1990, for example, the Dow Jones Industrial Average has risen during the week of March triple witching more than twice as often as it has fallen.
BERLIN, Germany -- Thousands of children in Germany stayed up beyond the witching hour on Saturday to snap up the latest adventures of the teenage wizard Harry Potter.
But all that will just be a warm-up for what promises to be an awful year-end when lame-duck lawmakers will face their own version of an ugly triple witching hour.
FORBES: Congress Is Back, And So Are Its Battles Over Tax And Budget Policy
The standard deviation of returns for quadruple witching expiration weeks is only 2.2% which is considerably less than typical weeks, with a standard deviation of returns of more than 3%.
FORBES: Quadruple Witching Expiration Week Not So Wicked, Except For OpenTable
Patrick's Day parade to Wall Street, for example Mr. Hirsch thinks it has mostly to do with where the holiday sits in the calendar in particular, its close proximity to "triple witching" day.
The main reason Bernanke and other financial and political observers are worried is that by the end of the year, we will face what might be called a triple witching hour.
应用推荐