With all the volatility on Wall Street we probably need to keep an eye on things again today, which is known as ‘Quadruple Witching Day’ to investors.
Specifically, we will be watching the final hour, when KTRH Money Man Pat Shinn says action will pick up with index futures, index options, stock options, and single stock futures all set to expire.
“There will be a tremendous amount of volume. Sometimes it can be crazy. Anything goes,” Shinn explained.
Now, Shinn says individual investors should not be impacted by this. But, you might get nervous over the way things look when the market closes today. Shinn says you don’t need to stress out about it.
“We know that whatever happens today is a very short term deal,” Shinn stated, adding that if there is an “imbalance” at the end of the day, it will correct itself on Monday.