Tomorrow is the Triple Witching Day & this day is a "special day" when there are some underlying (asset) expired.
Based on wikipedia.com, it is the last hour of the stock market trading session (3:00-4:00 P.M., New York Time) on the third Friday of every March, June, September, and December. Those days are the expiration of three kinds of securities:
This usually stimulate people to do a short-selling as most people are insuring their underlying using PUT options which expiry will create the exercise of Short position. Based on the statistic, that most Triple Witching Day is a bear day, so we can Sell On Strength for tomorrow, as next week will be a bad week.
Happy Investing^^
Disclaimer ON!!!
