Options Expiration Boost Volumes and Prices for Stocks

Quadruple witching options expiration day is upon us and that has caused the volume at the New York Stock Exchange to skyrocket. That, combined with a drop in volatility, has driven values higher for the major indices. Rockwell Capital Economist Peter Cardillo expects the market to continue trading in a range, but closer to the high end of the range. He also points out that the sanctions against Russia caused its stock market to tank, but that Europe and Asia did not follow suit.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.