Triple Witching is on 12/17. SPY, QQQ & IWM patterns.Triple witching is the simultaneous expiration of stock options, stock index futures and stock index options contracts all on the same trading day. This happens four times a year: on the third Friday of March, June, September, and December. Because three options classes that could share the same underlying securities expiration all on the same day, it can cause increased trading volume and unusual price action in the underlying assets. Here's the past 4 Triple Witching dates price action patterns for SPY, QQQ & IWM.
SPY:
9/17 -$5.77
Friday to Friday -$9.64
Friday to Monday after -$10.88
6/18 -$7.05
Friday to Friday -$9.28
Friday to Monday after $3.77
3/19 -$2
Friday to Friday -$2.59
Friday to Monday after $2.71
12/18/20 -$3.06
Friday to Friday $4.28
Friday to Monday after -$3.11
QQQ:
9/17 -$4.48
Friday to Friday -$7.40
Friday to Monday after -$12.12
6/18 -$2.71
Friday to Friday $2.27
Friday to Monday after $3.77
3/19 $1.10
Friday to Friday -$.72
Friday to Monday after $6.74
12/18/20 -$.94
Friday to Friday $9.25
Friday to Monday after -$1.14
IWM:
9/17 $.29
Friday to Friday -$2.68
Friday to Monday after -$5.29
6/18 -$2.58
Friday to Friday -$4.39
Friday to Monday after -$5.16
3/19 $1.70
Friday to Friday -$5.05
Friday to Monday after -$1.61
12/18/20 -$.95
Friday to Friday $5.35
Friday to Monday after -$.10
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com