Friday, October 18, local time, is the 10th option expiration date for US stocks in 2024, and also the last chance to close options positions before the US election. Specifically, the $3 trillion options contract expires at 4 p.m. local time on Friday. Of these, $1.9 trillion in options related to the S&P 500 index will expire on Friday morning, and the remaining $1.1 trillion in exchange-traded funds and single stock options will expire at the end of Friday. This is the largest October option expiration since 2017, but it is smaller than the typical quarterly maturity scale in the past few years. A large number of options due to maturity may cause significant fluctuations in market sentiment and prices. However, it is worth mentioning that the market environment where options expire this time is different from the past. The implied volatility is now relatively high, the gamma value of the options is high, and there are widespread concerns in the market. Interest in unclosed contracts for VIX-related options and futures is at its lowest level in the past two years.

Friday, October 18, local time, is the 10th option expiration date for US stocks in 2024, and also the last chance to close options positions before the US election. Specifically, the $3 trillion options contract expires at 4 p.m. local time on Friday. Of these, $1.9 trillion in options related to the S&P 500 index will expire on Friday morning, and the remaining $1.1 trillion in exchange-traded funds and single stock options will expire at the end of Friday. This is the largest October option expiration since 2017, but it is smaller than the typical quarterly maturity scale in the past few years. A large number of options due to maturity may cause significant fluctuations in market sentiment and prices. However, it is worth mentioning that the market environment where options expire this time is different from the past. The implied volatility is now relatively high, the gamma value of the options is high, and there are widespread concerns in the market. Interest in unclosed contracts for VIX-related options and futures is at its lowest level in the past two years.