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How to trade ‘Doomsday’
Assuming the world doesn’t end on Friday, as some believe was prophesied by Mayan astronomers, there will be interesting trading opportunities. In an odd coincidence, the so-called doomsday looming this Friday also happens to be a triple witching day on Wall Street. A trading session that takes place four times each year, triple witching marks the simultaneous expiration of S&P Index futures, stock options and index options. Triple-witching remains a closely-watched indicator by some as a signal for volatility in the equity market. Jeffrey Hirsch, editor-in-chief of the Stock Trader’s Almanac, said the last ... (full story)
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