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Stocks Slump As Quad Witching Day Approaches

With a third quadruple event on Sep. 17, stocks of all kinds were bearish in the week prior. Quadruple days are the third Friday of March, June, September, and December, near the end of each calendar quarter. Various contracts in the market, including stock-index futures, stock-index options, stock options, and single-stock futures, tend to expire on those days. That expiration leads to a large amount of volatility in the market, similar to how there’s an increase in volatility on NFP (non-farm payroll) days.
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