🚨FRIDAY SET FOR RECORD “WITCHING DAY” Roughly $7.1 trillion in options tied to stocks, ETFs, and indexes are set to expire today, making Friday the largest “witching day” on record, according to Citigroup strategists. These quarterly events occur when multiple derivatives expire simultaneously and are often associated with volatility as investors roll positions forward. However, Citi’s analysis shows that volatility is usually lower than expected, with notable exceptions during the pandemic-era trading surge.