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Today, the market will迎来 this year's largest "Triple Witching Day." According to derivatives analysis company Asym 500, approximately $6.5 trillion in Options will expire on this "Triple Witching Day," marking the largest scale this year, and historically ranking high, slightly lower than a year ago.

"Triple Witching Day" refers to the quarterly expiration day when ETF, Stocks, and Index Options expire simultaneously, occurring on the third Friday of March, June, September, and December each year, usually leading to a spike in trading volume and sudden price fluctuations in U.S. stocks.

The expiration of Options this quarter coincides with a critical moment for market adjustments, following the Federal Reserve's decision to cut interest rates for the third consecutive meeting on Wednesday while signaling a readiness to slow the pace of cuts. Although Wall Street investors sometimes exaggerate risks, during Options expiration, trading volumes in stocks typically spike as traders roll over existing positions or establish new ones, leading to sudden price movements.

1. Performance explosion!$Micron Technology (MU.US)$In the previous trading day, there was a drop of over 16% after the performance, and the Options Trading volume increased by 55% compared to yesterday, reaching 1.043 million contracts. The ratio of Put Options surged to 48%. On the Options Chain, both sides are in a stalemate, with the highest trading volume being the $85 strike price expiring Put contract at 0.032 million contracts, followed by the $110 strike price expiring Call contract at 0.022 million contracts.

In addition, today the multi Put contracts with strike prices of $91-$98 that expire today earned more than double their premiums.

2. Bitcoin unexpectedly fell below the $100,000 high! Holders of assets.$MicroStrategy (MSTR.US)$Yesterday it fell over 6%, and the Options Trading volume was 0.824 million contracts, with implied volatility rising to 109% and the ratio of Puts increasing to 46%. On the Options Chain, the bears are the market's main force, with the highest trading volumes for the $300, $330, and $350 strike price expiring Put contracts at 0.021 million, 0.017 million, and 17,000 contracts respectively.

In terms of L trading, a major holder spent over 30 million dollars to purchase a combination Order consisting of a major sale of over 5 million dollars for the December 27 expiring, $352.5 Call, a major buy of over 30 million dollars for the February 21 expiration next year, $315 Call, and a major buy of over 1 million dollars for the December 27 expiration, $420 Call.

"Mining Machine Stocks"$MARA Holdings (MARA.US)$Overnight, it fell more than 5%, with Options Trading Volume at 0.436 million contracts, implied volatility rising to 112%, and the proportion of Put options increasing to 28%; on the Options Chain, the top five contracts are all call orders, with the highest volume being the $21 expiration Options, reaching 0.019 million contracts and an open interest of 3,700 contracts.

3、$Tesla (TSLA.US)$It closed down 0.9% yesterday, with Options Trading Volume at 3.42 million contracts, and the proportion of Puts rising to 42.8%, indicating an increase in bearish sentiment; on the Options Chain, the situation remains tense between bulls and bears, with the top two contracts by volume being today’s expiration call with a $450 strike price and a put with a $400 strike price, at 0.115 million contracts and 99,000 contracts respectively.

1. US stock options trading list

2. ETF options trading list.

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Risk Warning

Options are contracts that give the holder the right, but not the obligation, to buy or sell an asset at a fixed price on or before a specific date. The price of options is influenced by various factors, including the current price of the underlying asset, the strike price, the expiration date, andImplied Volatility。

Implied VolatilityReflecting the market's expectations for the future volatility of options over a period of time, it is data derived from the option BS pricing model, generally considered as an indicator of market sentiment. When investors anticipate greater volatility, they may be more willing to pay higher prices for options to help hedge risks, thereby leading to higher.Implied Volatility。

Traders and investors use Implied Volatilityto evaluateoption pricesAttractiveness, identifying potential mispricing, and managing risk exposure.

Disclaimer

This content does not constitute an offer, solicitation, recommendation, opinion, or guarantee of any securities, financial products or instruments. The loss risk of buying and selling options could be substantial. In certain circumstances, you may suffer losses exceeding the amount initially deposited as margin. Even if you set up backup instructions, such as stop loss or limit instructions, losses may not be avoided. Market conditions may render such orders impossible to execute. You may be required to deposit additional margin in a very short period of time. If the required amount cannot be provided within the specified time, your open contracts may be closed. However, you are still responsible for any shortfalls in your account arising from this. Therefore, before buying or selling, you should research and understand the options, and consider carefully whether such trading is suitable for you based on your financial situation and investment objectives. If you buy or sell options, you should be familiar with the exercise of options and the procedures at expiration, as well as your rights and obligations when exercising an option or at expiration.

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