The first ‘quadruple witching hour’ of the year arrives in the midst of the COVID-19 crisis
The Quadruple Witching Hour is a session that is also known as ‘Freaky Friday’.
This name refers to the strange movements that the markets make on that day. Thus, ‘Freaky Friday’ comes to mean a rare, strange, or bizarre Friday.
Many make the comparison of this session as a day of much movement of operations in both directions, investors who close positions and those who transfer them to the next expiration (rollover).
The term “triple witching hour” was traditionally used to designate the third Friday of each quarter (March, June, September and December), the months in which quarterly index futures and options contracts and stock options expire. Later, with the birth of futures on shares, it was baptized as “quadruple” witching hour .
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