Triple Witching Day: $5.5 Trillion in Derivatives Expire, Causing Volatility on Wall Street

New York, New York, USA United States of America
Apple Inc. outperformed while Nvidia and Resmed experienced significant decreases in value.
Approximately $5.5 trillion worth of derivatives contracts expired on Wall Street on June 21, 2024.
Index rebalancing by S&P Dow Jones Indices caused investors to adjust their positions.
Nvidia Corporation had the second-largest value of contracts tied to it among any underlying asset.
S&P 500 edged lower to around 5,465 amid increased trading volume.
Triple witching day affected equities, index options, and futures.
Triple Witching Day: $5.5 Trillion in Derivatives Expire, Causing Volatility on Wall Street

Wall Street experienced a significant day of trading on June 21, 2024, as the expiration of options contracts led to increased caution among stock traders and substantial volume at the close. Approximately $5.5 trillion worth of derivatives contracts matured during this quarterly event known as 'triple witching.' This massive expiration affected equities, index options, and futures.

One of the leaders of the bull market saw a roller-coaster ride due to the expiration. Nearly 18 billion shares were traded on US exchanges on this day. Nvidia Corporation had the second-largest value of contracts tied to it among any underlying asset, adding an extra layer of volatility.

The S&P 500 edged lower to around 5,465 amid the surge in trading volume. Some stocks, such as Apple Inc., outperformed while others like Nvidia and Resmed experienced significant decreases. The value of contracts tied to these companies due on this day played a role in their performance.

The expiration coincided with index rebalancing by S&P Dow Jones Indices, causing investors to adjust their positions. Treasury 10-year yields remained relatively unchanged at 4.25%. France's risk premium over Germany reached its highest level since 2012.


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Confidence

100%

No Doubts Found At Time Of Publication

Sources

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

S&P 500 Trading Volume Spikes at Wall Street Close: Markets Wrap

Yahoo Finance Rita Nazareth Saturday, 22 June 2024 10:44
  • Unique Points
    • Wall Street's massive expiration of options led to a spike in trading volume at the close of trading.
    • Nvidia Corp played an added role with the second-largest value of contracts tied to it due Friday.
  • Accuracy
    • S&P 500 edged lower to around 5,465.
    • Approximately $5.5 trillion worth of options are estimated to have expired during the quarterly 'triple witching' event.
    • Nvidia had the second-largest value of contracts tied to it, among any underlying asset.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

100%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock Market Today: Dow, S&P Live Updates for June 21

Bloomberg News Now Rita Nazareth Saturday, 22 June 2024 10:44
  • Unique Points
    • Approximately $5.5 trillion worth of derivatives contracts matured during the quarterly event known as 'triple witching'
    • Over 18 billion shares were traded on US exchanges on Friday
    • The expiration of options led to increased caution among stock traders and significant volume at the close of trading
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

92%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

S&P 500 Gains and Losses Today: Index Edges Lower as AI-Fueled Rally Loses Steam

Investopedia Saturday, 22 June 2024 10:45
  • Unique Points
    • The S&P 500 fell 0.2% on June 21, 2024.
    • Resmed’s operating expenses have been moving higher and high levels of debt remain a concern, causing a 3.5% decrease in its shares.
  • Accuracy
    • Nvidia and other chipmakers experienced losses as the rally in AI-related stocks faltered.
    • Broadcom suffered the heaviest losses among S&P 500 stocks, with shares dropping 4.4%.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (80%)
    The article reports on stock market movements and quotes company performance figures without making any fallacious claims. However, it does present dichotomous depictions by contrasting the positive performance of FactSet Research Systems with the negative performances of Nvidia, Micron Technology, and Resmed. Additionally, there is an appeal to authority in mentioning that FactSet Research Systems received better-than-expected earnings for its fiscal third quarter from institutional asset managers, asset owners, partners, and corporates.
    • . . .shares of Nvidia (NVDA) and other chipmakers that have been major beneficiaries of the artificial intelligence (AI) boom were among the weakest performers on Friday, as the recent rally fueled by expectations for AI technology faltered near the end of the week.
    • FactSet Research Systems (FDS) shares advanced 3.8%, marking Friday's top performance in the S&P 500, after the financial data provider posted better-than-expected earnings for its fiscal third quarter and raised its outlook for the full year.
    • Shares of Resmed (RMD), which makes medical devices to treat sleep apnea and other medical conditions, fell 3.5%. Analysts reportedly noted that Resmed's operating expenses have been moving higher, while high levels of debt remain a concern.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

94%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Huge Options Expirations Take The Wheel - US Market Wrap

FinancialJuice.com Unknown Travis Friday, 21 June 2024 20:12
  • Unique Points
    • NVIDIA had the second-largest value of contracts tied to it, among any underlying asset.
    • The S&P 500 edged lower to around 5,465.
    • France's risk premium over Germany reached its highest level since 2012.
  • Accuracy
    • Approximately $5.5 trillion worth of options are estimated to have expired during the quarterly 'triple witching' event.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (85%)
    The article contains an appeal to authority and a potential false cause fallacy. The appeal to authority is present when the author mentions that
    • , NVIDIA played an added role. The value of contracts tied to the chipmaker due Friday was the second-largest of any underlying asset, lagging only the S&P 500.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication