Every quarter, the financial world prepares for one of the market's most dramatic days. Traders call it triple witching, when three categories of derivatives expire on the same day. This day is known for extreme market volatility and exceptionally high trading volumes. But what lies behind this mysterious name? What is triple witching, exactly? For some, it is a time of panic; for others, a unique opportunity to profit.In this article, we will explain how triple witching works, how it affec