Nvidia, a tech company known for its graphics processing units, is facing a test on Friday with a record “triple witching” options expiry. This event, which occurs quarterly, involves the expiry of stock options, index options, and index futures on the same day. This convergence has the potential to create increased volatility in the market as traders close out their positions. Nvidia’s stock has been on a rally recently, but this options expiry could test its momentum. Investors will be closely watching how Nvidia’s stock performs on Friday as it navigates this latest challenge.
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https://www.marketwatch.com/story/nvidias-rally-faces-latest-test-in-fridays-record-setting-triple-witching-options-expiration-b05544ff