Nvidia stock is set to face a major test on Friday with the ‘Triple Witch’ options expiry event. The company’s stock has been on a rally recently, but this event could potentially have an impact on its performance. Investors will be watching closely to see how the stock reacts as options contracts expire. This event, known as ‘Triple Witching,’ occurs quarterly on the third Friday of March, June, September, and December. It involves the expiration of three different types of securities – stock options, stock index futures, and stock index options. This can lead to increased volatility in the markets as traders adjust their positions. Nvidia’s stock has been performing well in recent months, with the company benefiting from strong demand for its graphics processing units (GPUs) in the gaming and data center markets. However, the ‘Triple Witching’ event could potentially disrupt this positive momentum. Investors will be keeping a close eye on how the stock reacts to the expiration of options contracts, as this could impact its short-term performance. Overall, Nvidia’s stock rally will face a significant test on Friday with the ‘Triple Witch’ options expiry event.
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https://www.marketwatch.com/amp/story/nvidias-rally-faces-latest-test-in-fridays-record-setting-triple-witching-options-expiration-b05544ff