Four Stocks That Looked Hopeful Going Into Last Fridays Opening
Yet I didn't do anything because of a phenomenon called "Triple Witching". Triple Witching Day is a quarterly event on the third Friday of March, June, September and December, when stock options, stock index options, and stock index futures all expire, causing heavy trading volume and increased market volatitity as traders close or roll or roll over positions. Why try and trade in that environment? Now this. Sometimes options going into their last day of trading gap to the upside on the opening, This can create instant profits. Tesla, Boeing as of late, Caterpillar in the last six weeks and Eli Lilly when it is hot can spike on Friday mornings. There are others. This time around, meaning last Friday morning Telsa didn't do anything but the other three stocks did. Look at their Friday morning jumps. Now this, two option positions that looks hopeful for next week. *** I don't really want to go this route and suggest future trades... it's outside of my comfor...
