Stocks could face another explosion of volatility Friday as $4 trillion of options expire in ‘quadruple witching’
Stocks have been on a wild ride this week, and conditions could still get weirder as traders brace for...
Stocks have been on a wild ride this week, and conditions could still get weirder as traders brace for “quadruple witching”on Friday when a flurry of equity options and futures contracts expire.
In particular, options contracts tied to $4 trillion in stocks, stock-index futures, and exchange-traded funds are set to expire, making Friday potentially the busiest day for options traders this year, according to data compiled by Rocky Fishman, the head of index volatility research at Goldman Sachs.
The term “quadruple witching” denotes days when a host of equity-linked options and futures contracts expire, as TradeStation explains. It only happens four times a year, once every quarter.
Dow ends down over 750 points to book its worst day in three months as recession fears mount
U.S. stock indexes finished sharply lower on Thursday with the...
U.S. stock indexes finished sharply lower on Thursday with the Dow Jones Industrial Average logging its biggest daily decline in over three months, as investors continued to digest tough talk from the Federal Reserve on inflation that revived concerns about a potential U.S. recession.
The Dow Jones Industrial Average DJIA fell 764.13 points, or 2.3%, to finish at 33,202.22. The index booked its biggest daily drop since Sept. 13, when the Dow dropped more than 1,200 points.
The S&P 500 SPX dropped 99.57 points, or 2.5%, ending at 3,895.75, as the large-cap index logged for its worst day since early October.
The Nasdaq Composite COMP tumbled 360.36 points, or 3.2%, to finish at 10,810.53, booking its worst day since November 2.
Sources: Kayne Anderson Seeks $1.5 Billion for Oil-and-gas Fund
Kayne Anderson Capital Advisors has begun raising a new investment vehicle dedicated to U.S. oil and...
Kayne Anderson Capital Advisors has begun raising a new investment vehicle dedicated to U.S. oil and gas production, bucking the trend of private equity firms fleeing the sector because of its financial volatility and environmental concerns, people familiar with the matter said on Wednesday.
The alternative asset manager started marketing to investors last week Kayne Private Energy Income Fund III, aiming to secure $1.5 billion to buy and develop businesses generating steady cash flow from established production sites, the sources said.
Faced with declining well performance and a shrinking inventory of top-tier drilling locations in the...
Faced with declining well performance and a shrinking inventory of top-tier drilling locations in the Permian Basin, Texas shale operators are increasingly filing for permits to drill within city limits, with Midland seeing a nearly twofold year-over-year jump in the number of applications received in 2022. Evercore ISI analyst James West predicts premium drilling inventory will deplete in the next four to six years, while BloombergNEF estimates productivity per lateral foot from wells drilled this year is down 8% to 13% compared to last year.
Denbury has announced two separate agreements to beef up its carbon capture and sequestration business...
Denbury has announced two separate agreements to beef up its carbon capture and sequestration business along the US Gulf Coast. The agreements set the stage for the potential development of two carbon dioxide sequestration sites in southwest Louisiana and Mississippi that could hold up to 275.5 million short tons and 303 million short tons of CO2, respectively.
