TSX:KEC - Post Discussion
Post by
retiredcf on Jun 17, 2022 12:25pm
Triple Witching Day
An overreaction to the Texas refinery news is likely being exaggerated by the fact that today is triple witching day. Sets up a buying opportunity for those who are inclined. GLTA
Because several derivatives expire at the same moment, traders will often seek to close out all of their open positions in advance of expiration. This can lead to increased trading volume and intraday volatility. Traders with large short gamma positions are particularly exposed to price movements leading up to expiration. Arbitrageurs try to take advantage of such abnormal price action, but doing so can also be quite risky.
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