TELUS Corp T.T

,,,,,,,TRIPLE WITCHING took Down ALL TELCOs........?????????

[Red_Deer]

Perhaps it was theTRIPLE WITCHING that Caused the HUGE one day drop on Friday?

Traders brace for chaotic ‘triple witching’ Friday as expiring options collides with index-rebalancing mania

Options contracts tied to more than $5 trillion worth of stocks, exchange-traded funds and indexes are set to expire on Friday as the latest “triple witching” expiration event collides with the rebalancing of the S&P 500 and Nasdaq-100.

 

The result could be a high-octane, and potentially extremely volatile, session where tens of billions of contracts and shares could change hands, market strategists said.

“Triple Witching” days happen once a quarter. They are thusly named because options tied to single stocks, ETFs and indexes will expire, alongside index-tracking futures contracts. Options-market experts say they are typically associated with more intraday swings and higher trading volume.

 

Making things even more interesting is the fact that the quarterly rebalancing of the S&P 500 and Nasdaq-100 is due to take effect after markets close on Friday.

 

[Niceneasydoesit]

The sector was in retreat all week. More likely tax loss selling related, following ex divi dates;  in which case if true, could lead to more weekness this week.im counting on more weekness to buy a little more

[Niceneasydoesit]

Weakness! Lol

[Schussing56]

Traditionally, stocks do quite well during the Christmas season and then, pull back about 3% round about the 3rd week in January; however, with all the interest rate increases, Canada is supposed to experience a mild recession in the first quarter of 2024. In regard to Telus, I would say competition from Rogers is cutting into their bottom line. Here on the West Coast of BC you can see Roger's