S&P 500 Falls as $5.3 Trillion Options Test Looms: Markets Wrap

He stock Exchange fell like technology sold and a lots of options that expired on Friday threatened to cause sudden price swings.

financial world faces a quarterly episode ominously known as triple witchcraft in which derivatives contracts linked to stocks, index options and futures are scheduled to expire, forcing traders en masse to roll over their existing positions or start new ones. About $5.3 trillion was about to expire, according to rocky fishmanfounder of derivatives analytics firm Asym 500.

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