• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

VIX Halted

Tyler Durden's picture


UPDATE: Minutes after we brought attention to this farce, VIX Futures and Options Re-Opened...


CBOE's VIX Futures and Options have been halted since 1337ET.

Because in our day and age of highly "sophisticated, precise and computerized" trading, just what stock market crash can take place without a critical component of the market breaking...

Based on 'spot' VIX - it would appear vol is bleeding higher

Bottom line: when the Fed can no longer sell enough vol to offset a long-overdue correction, the Fed will merely do away with vol entirely.

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 11/07/2012 - 15:17 | 2957444 surf0766
surf0766's picture

In Amerika, nothing go down. No?

Wed, 11/07/2012 - 15:18 | 2957456 NewThor
NewThor's picture

1337 = LEET

in nerd speak....

Wed, 11/07/2012 - 15:20 | 2957461 malikai
malikai's picture

Even better, it's LEET-ET.

Thu, 11/08/2012 - 01:34 | 2959523 old naughty
old naughty's picture

and, something new everyday,

in our day and age.

Wed, 11/07/2012 - 15:21 | 2957462 no taste
no taste's picture

Angry Republican's letter to Clint Eastwood, and General Wesley Clark on the coup in the US government.


Wed, 11/07/2012 - 15:26 | 2957506 TeamDepends
TeamDepends's picture

Sure.  It's all Dirty Harry's fault.

Wed, 11/07/2012 - 15:33 | 2957542 buzzsaw99
buzzsaw99's picture

god hates mormons

Thu, 11/08/2012 - 01:33 | 2959522 old naughty
old naughty's picture

Why, Dirty Harry didn't make his day?

Wed, 11/07/2012 - 17:54 | 2958228 Cruel Aid
Cruel Aid's picture

Wesley Clark is a weasel. I'm not going to listen to a thing he says.

Wed, 11/07/2012 - 17:54 | 2958235 aerojet
aerojet's picture

Hard to argue with it, quite honestly.  Romney always had a credibility gap because he's a bankster.  Also, the association with the Mormon cult, while it's not truly awful like some kind of Satan-worshipper or Neo-Nazi, it isn't really a great thing, either. 

Wed, 11/07/2012 - 15:22 | 2957477 Coldsun
Coldsun's picture

I saw that too. Is that bad that I was psyched when I noticed it?

Wed, 11/07/2012 - 15:43 | 2957581 SgtShaftoe
SgtShaftoe's picture

Exactly, someone just hacked the exchange.  a 1337 haxor... I'm guessing loosely affiliated with Anonymous. hahahahahha!  That's funny.  Imagine, an algo computer hacked by someone like that, reprogrammed... that would be entertaining.

Wed, 11/07/2012 - 16:01 | 2957665 pods
pods's picture

Has anyone heard from AnAnon today?  

I can hear him chuckling: "Who laughing now, round eye."


Wed, 11/07/2012 - 15:50 | 2957626 HelluvaEngineer
HelluvaEngineer's picture

Looks like it is frozen again at 19.00.  Weird gaps earlier today too.  Someone creating 100M shares of TVIX out of thin air?

Wed, 11/07/2012 - 16:28 | 2957733 dark pools of soros
dark pools of soros's picture

not the women, no

Wed, 11/07/2012 - 18:03 | 2958263 Gamma735
Gamma735's picture

We're all living in America,
America is wunderbar.
We're all living in America,
Amerika, Amerika.

"Amerika" by RAMMSTEIN

Wed, 11/07/2012 - 15:18 | 2957451 AldoHux_IV
AldoHux_IV's picture

LOL, free and efficient markets.

Wed, 11/07/2012 - 15:19 | 2957452 Mercury
Mercury's picture

Well that's it, no more volatility.

Wed, 11/07/2012 - 15:24 | 2957490 Coldsun
Coldsun's picture

Precisely! On that note let's just stop printing the unemployment numbers so we can keep under 8% forever and ever...

Wed, 11/07/2012 - 15:40 | 2957510 Mercury
Mercury's picture

Well clearly the president can survive without those (real) numbers, the question is, can the market hold itself together if options on an index of options on an index of stocks aren't trading because futures on an index of options on an index of stocks aren't trading.

Wed, 11/07/2012 - 15:44 | 2957602 Coldsun
Coldsun's picture

Nicely dictated. And I think that you are on to something. Maybe it became consious and trying to grasp it's very existence it broke. Badly. SkyNet will resume it's function.

Wed, 11/07/2012 - 16:52 | 2957878 GCT
GCT's picture

After reading Mercury's post I am having a blonde moment there!

Wed, 11/07/2012 - 18:13 | 2958320 R_J
R_J's picture

Huh? WHAT "unemployment" ? We´re all duly Employed as Serfs now...

Wed, 11/07/2012 - 15:25 | 2957498 HelluvaEngineer
HelluvaEngineer's picture

Got to be kidding me.  I have NOV calls.  Bunch of fucking crooks.

Thu, 11/08/2012 - 01:32 | 2959519 RopeADope
RopeADope's picture

Free markets are so efficient you do not need to be concerned about volatility. You also do not need to be concerned about fraud.

Wed, 11/07/2012 - 15:18 | 2957453 JPM Hater001
JPM Hater001's picture

Surprised face


- -


Wed, 11/07/2012 - 15:18 | 2957455 Segestan
Segestan's picture

Living on hope but change is coming.

Wed, 11/07/2012 - 15:27 | 2957511 PLira
PLira's picture

True that.

You can ignore reality but you cannot ignore the results of reality.

Wed, 11/07/2012 - 15:19 | 2957459 slaughterer
slaughterer's picture

Should help the close.  Nice.   Throwing every trick in the book to create a nice bear trap.   

Wed, 11/07/2012 - 15:38 | 2957568 buzzsaw99
buzzsaw99's picture

The way is shut. It was made by those who are dead, and the dead keep it. [/Return of the King]

Wed, 11/07/2012 - 15:19 | 2957460 Flakmeister
Flakmeister's picture

Manipulated volatility in the volatility???

Wed, 11/07/2012 - 15:21 | 2957467 Matt
Matt's picture

the volitility was too volitile, so it had to be halted.

Wed, 11/07/2012 - 15:33 | 2957547 PLira
PLira's picture

Must have used a Ven to Verify the Velocity of the Volitility of the Vix's Volititlity Volume.

Wed, 11/07/2012 - 16:58 | 2957916 Silver Bully
Silver Bully's picture


Wed, 11/07/2012 - 15:39 | 2957567 Coldsun
Coldsun's picture

What's the financial term for the rate of change for change/volatility? For physics the rate of change for acceleration is "jerk". Accepting all legitimate and comical answers below.

Wed, 11/07/2012 - 15:53 | 2957624 ebworthen
ebworthen's picture

Chaikin's Volatility function, but I propose we change it to " chokin' " (though "suck" would work too).


Wed, 11/07/2012 - 15:20 | 2957463 Dan Conway
Dan Conway's picture

This is hilarious!  Just like when they banned shorting stocks a few years ago.  I can't wait for the upcoming rule that you can only buy if the trade will result in a gain for the seller - That's only fair!!!!!!

Wed, 11/07/2012 - 15:30 | 2957527 unununium
unununium's picture

> I can't wait for the upcoming rule that you can only buy if the trade will result in a gain for the seller

Mary Schapiro called.  She wants to know what the license fee is for this idea.

Wed, 11/07/2012 - 15:48 | 2957615 ParkAveFlasher
ParkAveFlasher's picture

Fee?  That idea belongs to the People, unununium.

Wed, 11/07/2012 - 17:07 | 2957968 Silver Bully
Silver Bully's picture

You didn't build that fee. Someone else made that fee happen.

Wed, 11/07/2012 - 15:21 | 2957466 constantine
constantine's picture

The VXX derivative was probably about to melt down.

Wed, 11/07/2012 - 15:22 | 2957479 surf0766
surf0766's picture

I sense wisdom .

Wed, 11/07/2012 - 16:28 | 2957734 constantine
constantine's picture

Ahh thanks but I wouldn't go that far.  I've officially taken a long position on two RGIII rookie cards... LOL...

cool ones though, with the autograph.

Wed, 11/07/2012 - 15:31 | 2957536 unununium
unununium's picture

I got my sell orders in place already on my VXX calls.  The melt up may only last 8 minutes.

Wed, 11/07/2012 - 15:40 | 2957471 TruthInSunshine
TruthInSunshine's picture

 "...due to a systems problem."


Well alrighty then. At least we're not in the dark as to what the specific problem is that forced them to halt an INDICATOR.

It's good that they halted volatility, because that will likely lead to zeee stability.



(Bernank'd Markets ftl)

Thu, 11/08/2012 - 05:52 | 2959719 slackrabbit
slackrabbit's picture

As systems engineer it could also mean someone accidently bumbped the reset button as i walked passed, but somehow I don't think so......perhaps they can blame it on a terrorist minority or some middle east country whose oil we want?

Wed, 11/07/2012 - 15:25 | 2957480 Blazed
Blazed's picture

Next, let's have markets with no price action. Price is a problem, we don't need no stinking price. Besides, only terrrrists use price.

Wed, 11/07/2012 - 15:47 | 2957563 TruthInSunshine
TruthInSunshine's picture

Reverse Dutch auction for "what's behind curtain number 3?" ticker symbols with The Bernank as the lone bidder?


Wed, 11/07/2012 - 18:12 | 2958312 aerojet
aerojet's picture

We're basically there now.

Wed, 11/07/2012 - 15:23 | 2957483 alien-IQ
alien-IQ's picture

I have witnessed a couple of things in the past two or three days that have me very seriously thinking of getting out of the market for good. It is simply beyond broken. It's a corrupt clusterfuck.

Do NOT follow this link or you will be banned from the site!