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Derivatives




Witching Day


A day on which two or more classes of options and futures contracts expire. The assembly of witches takes place every month in a year (12 times a year) on the third Friday every month, when the options/ futures (e.g., options on shares, indices, etc.) lose their validity.



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Derivatives have increasingly become very important tools in finance over the last three decades. Many different types of derivatives are now traded actively on ...
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