The second Triple Witching Week (Quadruple Witching if you prefer) of the year brings on some volatile trading with losses frequently exceeding gains.
Today’s modest gains bucked the recent trend on Mondays of Triple-Witching Week. The DJIA had been down thirteen of the last twenty-one years.
Triple-Witching Friday is usually better, up ten of the last fifteen years. Full-week performance is choppy as well, littered with greater than 1% moves in both directions. The week after Triple-Witching Day is horrendous. This week has experienced DJIA(NYSEARCA:DIA) losses in 24 of the last 28 years with an average decline of 1.06%. S&P 500(NYSEARCA:SPY) and NASDAQ(NYSEARCA:QQQ) have fared slightly better during the week after over the same 27 year span, declining 0.73% and 0.21% respectively on average.