Post by
vonSachsenanhal on Jun 21, 2024 9:51am
Triple Witching-staggering 2.6 million shares already traded
Major holders may also be re-setting their capital gains by selling and then immediately buying back their shares. I did this yesterday in my corporate account.
Triple witching typically occurs on the third Friday of the months of March, June, September, and December, as highlighted below: March 2024: The third Friday is March 15. June 2024: The third Friday is June
Comment by
vonSachsenanhal on Jun 21, 2024 10:04am
Correction: re-setting their cost basis. That way only capital gains going forward will be subject to the new 67% inclusion rate for corporations. Triple witching very commonly produces super high volumes for many equities.
Comment by
stock4life48 on Jun 21, 2024 12:17pm
agreed, I did this a few weeks ago and have to assume a ton of people are doing this (at least the smart people anyway). Today is the last day to do it under the old rules