Actually quadruple witching:
Thanks to themangokid over on the D.UN board
What It Is:
Quadruple witching refers to the third Friday of every March, June, September and December. On these days, market indexfutures, market index options, stock options and stock futures expire, usually resulting in increased volatility.
How It Works/Example:
Althoughfutures and options generally share simultaneous expirations on the third Friday of every month, quadruple witching days only occur four times a year. The last hour of these trading days, from 3:00 to 4:00 p.m. EST, is referred to as the quadruple witching hour.
On quadruple witching days, and especially during quadruple witching hours, many investors attempt to unwind their futures and options positions before the contracts expire. This activity frequently includes repurchasing contracts and closing out position market capitalizations.
Why It Matters:
Quadruple witching days are usually accompanied by considerable volatility in stock and derivative prices, as well as increased trading volume. As a result, investors can anticipate and plan for the potential effects of these relatively turbulent trading days.
-----------------------
here is another decent link explaining quadruple witching.
https://www.stock-options-made-easy.com/quadruple-witching.html
Just to be clear I wouldn't take a position in any stock just for the purposes of trying to trade it on quadruple witching. I only mentioned it because if you see a stock start moving in the last 15 minutes of the day with lots of volume and are wondering why - quadruple witching could be the answer.
Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31561639&l=0&r=0&s=D.UN&t=LIST#mX9KdlAL18HeH2rC.99