$7 Trillion Options Expiry Could Make US Markets More Sensitive to Flows

The $7 trillion options expiry hit US markets on Friday comes at an awkward moment. Stocks are already under pressure, Treasury yields are climbing, and expectations around monetary policy are shifting after the central bank’s latest rate decision.According to Citadel Securities, roughly $7 trillion in US options notional value is rolling off in the latest quarterly “triple witching” event. That represents about one-quarter of the market and makes this the second-largest expiry