Thanks for all the support and I am learning something today! There are expiries today for stock index futures, stock index options, stock options and single stock futures and this is known as ‘quadruple witching’. Add the Fed meeting into the mix and we have definite possibilities of increased volatility.
On top of this, there was a big jump in S&P futures contracts which was caused by some greatly increased volumes which could be attributed to the ‘fat finger’ syndrome or there could be other reasons? Whatever the driver, the Asian stockmarket rally is likely being driven by this as well.
