Investors can brace for more volatility in Friday's trading session as more than $5 trillion in options are set to expire. The event, known on Wall Street as "Triple Witching," sees contracts tied to individual stocks, indexes and exchange-traded funds expire.

The quarterly event typically leads to higher trading volatility, whether that be to the upside or the downside for equities. Investors can expect elevated trading volume around the event, which comes at a crucial time following the Federal Reserver's 50-basis-point cut to interest rates.

Yahoo Finance anchor Madison Mills joins the Morning Brief to break down this trading phenomenon.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by John Hyland.