**This Friday is triple witching day again!**
This means stock options, index options, and index futures all expire at the same time. In addition, this time we're adding the S&P rebalance. This means there will be enormous mechanical orders flooding in at the same time.
There will be a spike in volume from 3:30-4pm Eastern which sudden impacts on prices for big stocks. This will create opportunities.
I called this out the last time it happened and there were definitely some big moves.
Watch for the following:
* Sudden, erratic price swings
* Extreme trading
* Concentrated selling or buying on specific stocks at close
What to do:
* Some people try to game this by buying long straddles.
* Watch for bargains. I've seen a stock drop 5% in minutes. It will typically bounce back right away.
Stocks to watch
* Option intensive names like NVDA, TSLA - any of the MAG7. Other big tech stocks, semi stocks, and big financials.
* Forced index buying of BE/ILMN
* Forced index selling of TTD/BLDR/TAP
Good luck!