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This image illustrates the percentage of S&P 500 listed volume expiring within 24 hours, segmented by expiration type, over various quarters. Here's a detailed analysis: Expiration Types: - **3rd Friday AM (Dark Blue)**: Options expiring on the third Friday morning of each month. - **3rd Friday PM (Gray)**: Options expiring on the third Friday afternoon of each month. - **Weekly Friday (Light Blue)**: Options expiring on each Friday. - **Month-End (Green)**: Options expiring a...