(Friday Market Open) The Dow Jones Industrial Average ($DJI) looks to be set to have its first up week in three weeks despite the major stock indices futures contracts trading slightly negative Friday morning. The S&P 500 (SPX) has been lower seven of the nine previous trading sessions. Despite a relatively volatile week, the major indices didn’t move much from Monday to Friday.
However, today could be interesting from a volatility point of view given that it is “quadruple witching”, the Friday each quarter when contracts for stock index futures, stock index options, stock options, and single-stock futures all expire. The CBOE Market Volatility Index (VIX) is slightly off its lows and VIX futures (/VX) are relatively unchanged in pre-market trading.
We could see choppy trading especially around the open and close so you might want to exercise some caution if you plan on trading today. Coming off a volatile week, many traders may have already closed out of their positions which could actually reduce Friday’s volatility between the open and close. Traders that still have options contracts may need to clean up their positions to avoid pin risk.
Increased volatility has increased questions. We've put together answers for the most commonly asked questions to help you get the info you need quickly.
Tune in to TD Ameritrade Network for live programming and the latest market insights.
TD Ameritrade Network is brought to you by TD Ameritrade Media Productions Company. TD Ameritrade Media Productions Company and TD Ameritrade, Inc. are separate but affiliated subsidiaries of The Charles Schwab Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer.
Check out our wide range of educational resources including articles, videos, an immersive curriculum, webcasts, and in-person events.
Join a live webcast for real-time information on a variety of topics or watch pre-recorded sessions.
for thinkMoney ®
Financial Communications Society 2016
for Ticker Tape
Content Marketing Awards 2016
Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type.
Be sure to understand all risks involved with each strategy, including commission costs, before attempting to place any trade. Clients must consider all relevant risk factors, including their own personal financial situations, before trading.
Market volatility, volume, and system availability may delay account access and trade executions.
Past performance of a security or strategy does not guarantee future results or success.
Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.
Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request.
This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.
TD Ameritrade, Inc., member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2021 Charles Schwab & Co. Inc. All rights reserved.