TSXV:NORA.H - Post by User
Comment by
carterZ21on Sep 22, 2012 12:29pm
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Post# 20400564
RE: RE: Triple Witching!
RE: RE: Triple Witching! Hi drnols,
If I'm not mistaken, I believe another poster commented that the Triple Witching effect was more in regards to a large investor rebalancing their portfolio and requiring funds to do so, hence exiting one position (OK) in favour of covering a short or adding a long position in another equity which tends to occur at Triple Witching. I can't imagine any OK specific reason as to why an ITG account would want to unload such a large amount of OK stock during the market-on-close particularly when considering the release of Thursday, etc. It certainly demonstrates that the account needed to unload by the close of Friday however not for company reasons associated to OK IMHO.
GLTA longs
Carter