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To: Buckey who wrote (14007)5/21/1999 8:33:00 AM
From: S.Y.R.  Respond to of 62348
 
"Triple witching" is the simultaneous expiration of stock futures and options that occurs four times a year. A triple-witching day generally creates a bearish attitude among investors.

(from cnnfn.com)

SYR



To: Buckey who wrote (14007)5/21/1999 8:35:00 AM
From: the Chief  Read Replies (2) | Respond to of 62348
 
Well triple wiching actually only occurs in Mar, Jun Sep Dec.(so I used the wrong term, theoretically...but it has become synonomous with the third Friday of each month) Every third Friday of the month "options expire"! So "index, TIPS and equity options expire today. This normally causes a retraction in liquidity in the market and stocks "tend" to move downward.

Keith may be better able to explain???

the Chief