What is quadruple witching ? ๐Ÿ“๐Ÿ—‚๏ธ

Quadruple witching is a financial market phenomenon that occurs four times a year on the third Friday of March, June, September, and December. On these days, four types of derivative contracts expire simultaneously:

1. Stock Index Futures: Contracts to buy or sell a stock index at a predetermined price on a specific future date.

2. Stock Index Options: Options to buy or sell a stock index at a specific price before the option expires.

3. Stock Options: Options to buy or sell individual stocks at a specific price before the option expires.

4. Single Stock Futures: Contracts to buy or sell a specific stock at a predetermined price on a specific future date.

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