Tomorrow, the S&P 500 index will undergo a significant rebalancing along with options expiration. The market saw a surge due to a $5.1 trillion options expiration, with $3.2 trillion in index options expiring at the open and $1.9 trillion at the close. The S&P experienced volatility during triple witching, with intra-day moves and air pockets expected during the first and last hour of expiry.
Options Expiration Today: https://t.co/izYOqGtloM
Today is Triple Witching and the S&P 500 Rebalance, combo will bring volume and volatility! $SPX #OptionsTrading #options $NVDA $SMCI https://t.co/JYlzlwEfAm
Ugly opening in $SPX on triple witching. Options were pricing about a 0.5% move for the day, still the case into the close but has been making those types of intra-day moves in minutes all week. First hour and last hour of expiry most likely to see some of those air pockets. https://t.co/9CllciOItq