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Market Extra: Stock-market traders brace for ‘quadruple witching’

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The stock market is repeating a pattern of midmonth stumbles some analysts tie to options expiration. That dynamic could be amplified this week ahead of “quadruple witching,” the simultaneous expiration Friday of individual stock options, stock-index options, stock-index futures and single-stock futures.

Options are financial instruments that give the holder the right but not the obligation to buy, in the case of a call option, or sell, in the case of a put option, the underlying asset at a set price by a certain time.

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