Triple Witching Friday: What Traders Should Expect

Tomorrow, September 18, marks the quarterly Triple Witching event, when stock options, index options, and index futures contracts expire simultaneously. This occurs four times a year and is often associated with a surge in trading volume and increased market volatility. [ebc.com], [optionalpha.com]

Triple Witching Hour

As traders, institutions, and market makers close or roll positions, markets can experience sharp intraday moves, especially near the open and during the final hour of trading, often called the “witching hour.” High volume does not necessarily indicate a bullish or bearish direction, but it can amplify short-term price swings. [gobull.ai], [optionalpha.com]

This quarter’s expiration comes immediately after the Federal Reserve’s latest policy decision, adding another layer of uncertainty as traders digest new economic expectations while managing expiring positions. [ebc.com]

What Traders Should Watch

1. Elevated trading volume
2. Increased volatility near the open and close
3. Large moves around key option strike prices
4. Potentially misleading price action driven by expiration-related flows rather than fundamentals

For futures traders, Triple Witching can create both opportunity and risk. As always, disciplined risk management and patience are essential when markets become driven by expiration-related activity rather than pure market sentiment.

Bottom line

Expect a busy trading session tomorrow, with higher volume and potentially sharper price swings than usual. Stay focused on your trading plan and avoid getting caught up in the noise.

Trade smart, stay disciplined, and be prepared for an active finish to the trading week.

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November Unleaded Gasoline

November Unleaded Gasoline satisfied the third upside PriceCount objective and is consolidating its trade. At this point, IF the chart can sustain further upside we are left with the low percentage fourth upside count to aim for in the 4.07 area.

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at https://www.qtinfo.com/analysis/qt-chart-of-the-day/

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Cannon Edge — Your Daily Futures Snapshot for Sept. 18th

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

·    Current price and daily % change

·    30‑day and 52‑week highs/lows

·    PROPRIETARY Short‑term and long‑term trend signals

·    Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQG.

Daily Levels for September 18th, 2026

Economic Reports

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All times are Central Time ( Chicago)

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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