The market isn't open on Saturday, but I can tell you the 16th is one of the quarterly Quadruple witching day.
The four things the “quadruple” refers to are the expiration of contracts for stock index futures, stock index options, stock options, and single stock futures. All four types of financial agreement expire on the same day, the third Fridays of March, June, September and December.
Without going into too much detail about each of these complex stock agreements, they are all based on the idea of a futures contract. A buyer agrees to purchase (or has the option to) a certain amount of stock at a set price on a certain date in the future. Quadruple witching day is that date.





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