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.
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It is also quadruple witching, when futures and options expire, and this generally causes a pickup in volatility.
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Friday is triple witching day, which often corresponds with an increase in volatility.
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.
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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.
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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.
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