Quadruple witching is tomorrow 3/21/25. It refers to the simultaneous expiration of four types of derivative contracts: stock index futures, stock index options, stock options, and single-stock futures. The expiration of these contracts can lead to increased trading volume and market volatility, especially during the last hour of trading, known as the "witching hour".
QQQ is sitting at it's 2 year trend channel support level. Also, QQQ stochastic on the weekly chart is oversold. This is a high probability, low risk long setup. However, if this 2 year trend breaks down, then a new trend will take shape. To try to get the best entry, it would make sense to leg into the long position with 3 separate trades over the course of the next 3 days, 3/20, 3/21 & 3/24.
Long trade idea:
Long = 475
Stop = 465
Profit = 535
bull put spread 1 : 4 - risk : reward
4/17, 5/16 or 6/20 expiry
sell 535 put
buy 480 put
or
4/17, 5/16 or 6/20 expiry
buy 480 call
Options data:
3/21 expiry
Put Volume Total 225,663
Call Volume Total 253,501
Put/Call Volume Ratio 0.89
Put Open Interest Total 1,116,319
Call Open Interest Total 1,009,483
Put/Call Open Interest Ratio 1.11
4/17 expiry
Put Volume Total 51,129
Call Volume Total 58,065
Put/Call Volume Ratio 0.88
Put Open Interest Total 742,165
Call Open Interest Total 459,072
Put/Call Open Interest Ratio 1.62
5/16 expiry
Put Volume Total 30,172
Call Volume Total 26,170
Put/Call Volume Ratio 1.15
Put Open Interest Total 223,535
Call Open Interest Total 173,491
Put/Call Open Interest Ratio 1.29
6/20 expiry
Put Volume Total 21,202
Call Volume Total 10,509
Put/Call Volume Ratio 2.02
Put Open Interest Total 1,040,493
Call Open Interest Total 459,733
Put/Call Open Interest Ratio 2.26
QQQ is sitting at it's 2 year trend channel support level. Also, QQQ stochastic on the weekly chart is oversold. This is a high probability, low risk long setup. However, if this 2 year trend breaks down, then a new trend will take shape. To try to get the best entry, it would make sense to leg into the long position with 3 separate trades over the course of the next 3 days, 3/20, 3/21 & 3/24.
Long trade idea:
Long = 475
Stop = 465
Profit = 535
bull put spread 1 : 4 - risk : reward
4/17, 5/16 or 6/20 expiry
sell 535 put
buy 480 put
or
4/17, 5/16 or 6/20 expiry
buy 480 call
Options data:
3/21 expiry
Put Volume Total 225,663
Call Volume Total 253,501
Put/Call Volume Ratio 0.89
Put Open Interest Total 1,116,319
Call Open Interest Total 1,009,483
Put/Call Open Interest Ratio 1.11
4/17 expiry
Put Volume Total 51,129
Call Volume Total 58,065
Put/Call Volume Ratio 0.88
Put Open Interest Total 742,165
Call Open Interest Total 459,072
Put/Call Open Interest Ratio 1.62
5/16 expiry
Put Volume Total 30,172
Call Volume Total 26,170
Put/Call Volume Ratio 1.15
Put Open Interest Total 223,535
Call Open Interest Total 173,491
Put/Call Open Interest Ratio 1.29
6/20 expiry
Put Volume Total 21,202
Call Volume Total 10,509
Put/Call Volume Ratio 2.02
Put Open Interest Total 1,040,493
Call Open Interest Total 459,733
Put/Call Open Interest Ratio 2.26
Note
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.