"Quadruple Witching" is when a lot of stock and index options and futures contracts expire, causing increased volatility and potential price swings, especially for the S&P 500

Wall Street faced a record-breaking $7.1 trillion options expiry, with $5 trillion tied to the S&P 500 and $880 billion to individual stocks, making it a massive deadline day where trillions in trading contracts expire at the same time, causing the busiest trading day of the year

The index successfully stayed above the 6,800 level, proving that buyers were strong enough to keep the market from falling

The "pinning effect" kept the index around 6,800 as traders focused on that price due to options expiring, but big market swings dominated the final hour as traders adjusted massive year-end positions

With the S&P 500 holding 6,800, the market looks healthier heading into the holidays, likely setting the stage for the start of the "Santa Claus Rally"。。。

Tag :@Huat99  @Snowwhite