The TTP group refers to the action observed on Fridays as ShitShow Friday.

There is often a lot of manipulation taking place in options that expire that same day. Market Makers may push prices to specific levels that are beneficial to them based on open interest.

Traders with expiring positions may also adjust/roll their position. Thus, the combination of individual traders’ behavior paired with market makers’ behavior causes Fridays to be a “ShitShow”, potentially.

Questions or suggestions?

Please reach out if you have any further questions or suggestions.