Triple Witching, Rollover and bullet Points
By Mark O’Brien
Heads up traders:
Triple Witching is near. For those of you trading stock index futures – any size S&P 500, Nasdaq, Dow Jones, Russell 2000 – remember that this Friday at 8:30 A.M. Central Time, those contracts’ December futures expire and will no longer be available for trading. If you happen to hang on to any Dec. contracts past that time, they will automatically be offset via the cash settlement price of that contract. For you stock index futures options traders, if you to hang on to any Dec. options, the cash settlement price will determine whether your options are in or out of the money, in which case they will either expire worthless or be instantly exercised/assigned, valued and offset by the cash settlement price. Stock options also expire this Friday, thus the triple witching expression (no supernatural phenomena will appear at this time).
Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.
A little history:
Every U.S. bill bears two signatures; that of the Treasury secretary and that of the U.S. Treasurer.
The first woman to sign our U.S. bank notes – as Treasury secretary – is the department’s current office holder: Ms. Janet Yellen.
Several women have served as U.S. Treasurer. Georgia Neese Clark, appointed by Harry Truman, was the first woman to serve as Treasurer. The current U.S. Treasurer is Lynn Malerba.
So now, for the first time, two women will have their signatures on U.S. currency.
As a member of the Mohegan Tribe (and also the tribe’s chief) Ms. Malerba, is the first Native American woman to have her signature appear on U.S. money.
The new bank notes will go into circulation beginning next year.
A Cannon broker will be able to assist, provide feedback and answer any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.