Volatility on the horizon

Triple witching occurs four times a year on the third Friday of March, June, September, and December. It refers to the simultaneous expiration of stock options, stock index futures, and stock index options contracts on the same trading day. Triple witching days are known to experience unusually high volume and volatility. This is because traders and investors close out or roll over expiring contracts, leading to increased trading volume. This increased activity can also lead to greater price volatility. Triple witching hour is the last hour of the stock market trading session on the third Friday of every March, June, September, and December. In New York City local time, this period is from 3:00–4:00 pm. The next Federal Open Market Committee (FOMC) meeting will be held on December 12-13, 2023. This is one of the key dates that investors, economists, and policymakers marked on their calendars. Many experts expect the Fed to hold rates steady at a target of 5.25%-5.50%.

SMA50 = 436
SMA100 = 441
SMA200 = 428

Resistance = 474
Pivot = 455
Support = 436

SPY 12/15 expiry options data:
Put Volume Total 225,908
Call Volume Total 149,643
Put/Call Volume Ratio 1.51
Put Open Interest Total 4,512,779
Call Open Interest Total 1,840,997
Put/Call Open Interest Ratio 2.45