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Direxion NASDAQ-100 Equal Weighted Index SharesDD

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QQQE trade ideas

Friday is Triple WitchingThis Friday 9/15/23 is the quarterly event known as triple witching. The simultaneous expiration of three different types of derivative contracts happen. Triple witching is when the expiration of stock options, stock index futures, and stock index options all fall on the same day. This results in higher than average volume and volatility. Institutional investors trade contracts worth trillions of dollars. The witching hour 3-4pm, before the closing bell, sees the most trading activity. Here's a QQQE 1 day chart (24hr ext) with 3 indicators. TTCATR SMA20: resistance = 80 SMA20 = 77 support = 74 Fib MA7 anchored VWAP: VWAP1yr = 73 Fib TSI 5, 10, 20, 50, 100, 200: 5/10 = 52 10/20 = 40 20/50 = 23 50/100 = 72 100/200 = 99 QQQE options data: 9/15 expiry Put/Call Open Interest Ratio 2.63 10/20 expiry Put/Call Open Interest Ratio 1.54 12/15 expiry Put/Call Open Interest Ratio 8.89
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by Options360