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Quadruple Witching does it affect the CL
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Quadruple Witching does it affect the CL

  #1 (permalink)
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Quadruple Witching does it affect the CL

I'm just wondering if Quadruple Witching affects the CL....if anyone knows. Thank you.

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  #3 (permalink)
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Definition of 'Quadruple Witching'
A day on which contracts for stock index futures, stock index options, stock options and single stock futures (SSF) all expire.

Read more: Quadruple Witching Definition | Investopedia

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  #4 (permalink)
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Upupandaway View Post
I'm just wondering if Quadruple Witching affects the CL....if anyone knows. Thank you.

While other markets can influence CL. I really doubt this has much bearing on what CL does.

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Upupandaway View Post
I'm just wondering if Quadruple Witching affects the CL....if anyone knows. Thank you.

I do not think it does. But we are approaching rollover for CL, which should latest roll by Tuesday next week. This means higher volatility for the old contract ahead, as the delivery place for CL is an inland depot in Cushing, Oklahoma.

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  #6 (permalink)
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Thank you for all who responded.

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  #7 (permalink)
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Upupandaway View Post
I'm just wondering if Quadruple Witching affects the CL....if anyone knows. Thank you.

There is no absolute answer, but on the last two times I noticed it closed very close to the handle. I was learning some interesting information from some floor traders about Pin Risk . Where the price lands can change the delta from 0 to 1.00, so I think a lot of institutional money wants to lock it in around a certain round number. I am always curious to see what happens in the future. I might keep a journal....

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squeezed View Post
There is no absolute answer, but on the last two times I noticed it closed very close to the handle... I am always curious to see what happens in the future. I might keep a journal....

I'll be looking forward to it if you can start a journal on this..

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  #9 (permalink)
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fourtiwinks View Post
I'll be looking forward to it if you can start a journal on this..

lets start one right now. 6/15/2012 (quadruple witching) CL pit close: $84.02 electronic close $84.03

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  #10 (permalink)
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squeezed View Post
There is no absolute answer, but on the last two times I noticed it closed very close to the handle. I was learning some interesting information from some floor traders about Pin Risk . Where the price lands can change the delta from 0 to 1.00, so I think a lot of institutional money wants to lock it in around a certain round number. I am always curious to see what happens in the future. I might keep a journal....

I think many stocks and possibly some instruments are pinned but not so sure about CL. I think this mainly happens in individual stocks but is much harder for powers that be to do this with a futures contract although can't be ruled out.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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