The stock market has been all over the map today. The rally higher today occurred as the U.S. Dollar Index declined which is common. However, the move to the upside was so dramatic and exaggerated that it must be an effect from the quadruple witching options expiration that is taking place tomorrow. This is a time when contracts for stock index futures, stock index options, stock options and single stock futures all expire. Quadruple witching options expiration occurs four times a year at the end of every quarter. Therefore, the wacky and volatile action can be expected during the third Friday of the month in March, June, September, and December. This is a week of games by the institutional money as they are looking to shake out the small retail options trader.
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