RE:RE:Someone bought around 1.2 million shares at close...Yes you are right but all the expirations where related to only one broker? I see what happened friday as a very good sign because it’s UBS not broker that short a lot so it wasn’t a buyback, They where buying all PM and heaven when the price of the share was going up. Hope that stupid war stop. GLTAL!
vonSachsenanhal wrote: Just realized that Friday was triple witching, so this probably explains the huge volume at close.
- Triple witching is the simultaneous expiration of stock options, stock index futures, and stock index options contracts all on the same day.
- Triple witching occurs quarterly—on the third Friday of March, June, September, and December.
- Triple witching days, particularly in the final hour of trading preceding the closing bell—called the triple witching hour—can see increased trading activity as traders close, roll out, or offset their expiring positions.