Post by
pacer001 on Mar 18, 2022 1:33pm
Why up 3%? “Triple witching day”?
I was down a bit in Recaf but am now up a bit so I can't complain - I will take any gain any way I can.
I see no major Recaf news and the only thing I can think of is that today is a "triple witching day" when options and indexes are settled. I have seen weird things happen on these days but Recaf I would think should not be impacted. But who knows?
Comment by
Oregonduck on Mar 18, 2022 3:53pm
Today is quadrupled event. Since Reco has no options or futures, it is of no consequence on the stock trading. It seems to me, resistance is at $6.00 and the stock had attempted recently to cross over it, but fell back at the close each time. Vol today is not meaningful.