Apple's Flash Dump In The Last Second Of Trading Caught On Tape

Tyler Durden's picture


Sure, the retail "investors" are coming back into the "markets"... They are coming back in shifts.  And just so they know what to expect, here is what happened to Apple stock in the last second of regular trading today, courtesy of Nanex. Unlike traditional flash crashes where the trade is an HFT error, or a few shares traded through the entire bid or offer stack, in this case it looks like a very premeditated unloading of some 800K shares (some $350 million worth) of AAPL in the last second, with the full knowledge it was shake the market. Why anyone would want (or wait until the very last second) to do that, while covering the offsetting ES short in the pair trade, to ramp the market into the close, is anyone's guess.

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Fri, 01/25/2013 - 20:09 | 3186956 johngaltfla
johngaltfla's picture

i$369. It's iNEVITABLE.



Fri, 01/25/2013 - 21:40 | 3187091 Muppet Pimp
Muppet Pimp's picture

369.95 or 369.99 is the real question

Fri, 01/25/2013 - 17:53 | 3186672 e_goldstein
e_goldstein's picture

Only if they unlock the windows on wall st.

Fri, 01/25/2013 - 18:11 | 3186726 HowardBeale
HowardBeale's picture

"Only if they unlock the windows on wall st."

Unnecessary. I'm pretty damned sure I can throw a bankster through a closed window. And if I can't, he'll throw himself through it when "he sees what I brung him..."

Fri, 01/25/2013 - 18:03 | 3186712 kliguy38
kliguy38's picture

heheheh.......well it won't get the Big sharks in the water because they are the ones shorting it to hell now....nothing like a good Cannibal buffet in the BEAR of all bear markets.....this is only the appetizer......the main course is being served later this year and into 2015.........bones and hair included

Fri, 01/25/2013 - 18:04 | 3186714 James_Cole
James_Cole's picture

"It will be raining bankers soon im tellen ya."

Because they were totally not heavily writing calls at the 550 - 600 (and earlier up to & well beyond 700) levels for the past few months. 

Probably making more money shorting this thing than ramping it up to 700. 

On the flipside everyone here is probably really excited that with aapl crashing silver is finally able to spread its wings and soar....oh wait. Reality is a bitch!

Fri, 01/25/2013 - 20:09 | 3186962 johngaltfla
johngaltfla's picture

Nah. They just socialize their losses and iF*ck the taxpayers. We're the bagholders, not the banksters.

Fri, 01/25/2013 - 22:15 | 3187149 firestarter_916
firestarter_916's picture

Apple crapped the bed earlier in the week. Now it appears to be a case of anal leakage.  Im going long Kimberly Clark in Yen terms.

Fri, 01/25/2013 - 17:53 | 3186667 Divided States ...
Divided States of America's picture

Yes, first they sold short Volatility (VIX) to drive this market but the last few days the VIX has stabilized even as the markets go up 50 pts per day....why? well they stopped selling volatility and turned their attention to AAPL, the stock that most sheeps own and awaiting they are selling AAPL to continue this stock market rally. Its obvious when AAPL shares tanked from 444 to 435 in the last minute while the Dow popped 30pts in one big uptick.

After AAPL gets taken down, maybe to the the 380 to 400 range, I would think any high flying name may be a target eventually to fund this rally further.

PCLN, GOOG, AMZN watchout.

Fri, 01/25/2013 - 18:00 | 3186688 camaro68ss
camaro68ss's picture


This is some bull****

All those liitle 5-6 year old kids wishing to be firefighters and policemen when they grow up, what a bunch of suckers. If i could do it all over again, i would wish to be a banker so i can fleece those firefighters and policeman retirement funds, Buy a fat mansion and have all the top of the line hookers and coke i want.

Fri, 01/25/2013 - 18:04 | 3186708 otto skorzeny
otto skorzeny's picture

when the SHTF the bankers will be dead and the cops will be the last ones gettin' paid. OT-I got some ammo from the little brown truck today and the driver said that is all he delivers any more

Fri, 01/25/2013 - 18:12 | 3186727 James_Cole
James_Cole's picture

"when the SHTF the bankers will be dead and the cops will be the last ones gettin' paid."

If the last few hundred years of history is to be believed bankers have done pretty well regardless of the economic envrionment and cops have tended to work for whoever has the money. 

Sat, 01/26/2013 - 01:26 | 3187374 Totentänzerlied
Totentänzerlied's picture


Fri, 01/25/2013 - 18:27 | 3186761 Agent P
Agent P's picture

Where did the little brown truck get it from?  I can't seem to get the little brown truck to bring me anything I want anymore.

Fri, 01/25/2013 - 19:35 | 3186892 Papasmurf
Papasmurf's picture

Between ammo and gold deliveries, the UPS man has popeye arms now.

Fri, 01/25/2013 - 21:23 | 3187069 icanhasbailout
icanhasbailout's picture

If it's coke and hookers you want, there's always the Secret Service. Might get yourself in a little pedophilia too.

Fri, 01/25/2013 - 21:56 | 3187120 oddjob
oddjob's picture

Fleecers will get fleeced, this is proper.

Fri, 01/25/2013 - 18:10 | 3186724 fonzannoon
fonzannoon's picture

so does that mean they can dump this market all the way up? at what point do sell orders result in a lower market?

Fri, 01/25/2013 - 18:20 | 3186748 Divided States ...
Divided States of America's picture

Yeah so dont short the indices because they are going up more, short individual stocks that dont make up a big chunk of any indices. AAPL is an exception because the retail sheeps are fully into it and needs to be raped for the greedy bankers to win.

They are basically doing the same game as a pump and dump in penny stocks...if you need to move something, you have to buy at ton to attract the attention of the algos once you make the big % mover, then the algos start piling on...and then lastly the retail foos...NFLX's rise is to sucker the retail in...and trust me in due time, they gonna sell this thing down again and use the proceeds to plow into the ES or DIAs....further the move up. I like how they grease the close every friggin day with last minute shenanigans like this....and the SEC dont do jack except let all the retail investors get gangbanged daily and impeach truthseekers like Egan Jones.

Fri, 01/25/2013 - 18:24 | 3186756 fonzannoon
fonzannoon's picture

divided states awesome perspective on this. you have articulated what i have been watching without connecting the dots. the only question i have is, how long can they do this? 

Fri, 01/25/2013 - 18:59 | 3186816 Pure Evil
Pure Evil's picture

Honestly, witht the FED doing approximately 85 Billion a month in POMO, do you really think they're using the proceeds from a sell off in AAPL to juice the market?

I would tend to believe Wall Street is just shearing the sheep.

Sat, 01/26/2013 - 01:33 | 3187379 MiltonFriedmans...
MiltonFriedmansNightmare's picture

What was the half-life on that 85billion/month again? Time is running out and I would'nt doubt that they need additional funding and gimmicks to sustain the averages, at least until BB revs up the printer once again.

Fri, 01/25/2013 - 20:05 | 3186946 JuicyGrabs
JuicyGrabs's picture

Actually I just spoke with a friend from Sweden the other day and NFLX is pretty big there. He even got a subscription himself and he's into downloading pirate shit. He said was very convenient to go for NFLX. Point is they are growing.

Indices are tougher because lots of funds own and buy indices. No news here.


You'd lose your ass off shorting individual stocks who are not part of indices but are paradigm shift stocks like 3d printing stocks for example.


In regards to Apple, manipulating Apple stock is popular sport on Wall Street. Leaving paranoia aside however, Apple is getting fucked by Samsung due to same retarded Apple strategy that made Microsoft steal the personal computer away from them in the past. They are too stubborn to move into the low-mid end consumer market and that's killing marketshare, allowing the likes of Samsung and Nokia to step in the take the pie.

Sat, 01/26/2013 - 01:23 | 3187373 FrankDrakman
FrankDrakman's picture

Apple is getting fucked by Samsung due to same retarded Apple strategy that made Microsoft steal the personal computer away from them in the past.

Sorry, pal, you haven't a clue. First off, MS never sold hardware, so how exactly did they "steal the personal computer" market? Second, MS's dominance was due to three little letters: IBM. You young'uns haven't a fucking clue about Big Blue's market power in the early 80's. When IBM told corporate IT managers that attaching 'foreign' equipment, like an Apple, to their SNA networks would jeopardize their entire infrastructure (which was bullshit, but would you risk your career to find out?), those managers turned around and bought IBM PC's (with MS-DOS) by the hundreds of thousands. MS just rode on Big Blue's coat-tails and laughed all the way to the bank.

MS isn't completely hapless; Office is a great product, and Win7 is a decent OS for the average user. But to suggest that they won OS market share due to superior strategy is BS. Gates offered MS-DOS to IBM for $10 million in the early 80's, and they turned him down.  If they'd taken him up on the offer, chances are you never would have heard of the little geek ever again.

Sat, 01/26/2013 - 11:57 | 3187677 hooligan2009
hooligan2009's picture

microsoft won the internet when they froze netscape (now mozilla firefox) out of the market. don't forget the WIntel alliance also. IBM could give two shits about hardware now.

come to think of it...notepads on clouds ... = angels...and predator drones = devils?

Fri, 01/25/2013 - 19:32 | 3186888 Bunga Bunga
Bunga Bunga's picture

Apple got sacrificed to pretend it's a market and sheeple don't smell the rat.

Fri, 01/25/2013 - 21:10 | 3187051 grid-b-gone
grid-b-gone's picture

After this period of rotation, it'll be easy to spike AAPL to drive the S&P to a new post-2007 high above 1,560, courtesy of AAPL shorts - and all on weaker fundamentals.

Fri, 01/25/2013 - 19:45 | 3186914 hooligan2009
hooligan2009's picture

no no no! vix only goes up when markets fall..its a bug in the formula for calculating vol..historic vol diminishes when markets are goosed upwards on a daily basis and implied vol is anchored on historic vol, post supply/demand

vol goes up twice as fast n down markets as it does in up markets, something along the lines of reversing the signs in the proabiliity formulae, 1+ (-50%) times 1 + (+100%) = 1 + (zero).

Fri, 01/25/2013 - 18:33 | 3186775 Banksters
Banksters's picture

Profit taking?



I'm sure the hedgies are having a fine time of it.  EVERYONE TO THIS SIDE OF THE BOAT, NOW!

Fri, 01/25/2013 - 19:01 | 3186825 CheapBastard
CheapBastard's picture

I thought you're supposed to sell into the rally?


Oh wait, there is no rally. Sorry

Fri, 01/25/2013 - 20:29 | 3187001 Piranhanoia
Piranhanoia's picture

It was.......   wait for it.........


Sat, 01/26/2013 - 03:03 | 3187418 clara-to-market
clara-to-market's picture

I used to be a retail investor.

But now I'm too chicken-shit.

The whole thing is rigged.

You'd be better off going to Vegas and betting red.

Fri, 01/25/2013 - 17:32 | 3186598 HedgeAccordingly
HedgeAccordingly's picture

The CME does not give a fuc* about you Me or anyone but those who operate HFT and can slam the volumes around.. its about VOLUME and FEE's .. 


APPLE is a joke.. they 440 put holders.. hmm who probably bought those up before they dumped a 2 100k share tickets onto the bid in the last 2 sec of the session? 

Fri, 01/25/2013 - 17:35 | 3186600 francis_sawyer
francis_sawyer's picture

 "Why anyone would want (or wait until the very last second) to do that, while covering the offsetting ES shorts in the pair trade, to ramp the market into the close, is anyone's guess."


Well ~ I have MY theory anyway (& I'm sticking to it until kito & Crockett prove me wrong)...

Fri, 01/25/2013 - 17:36 | 3186612 max2205
max2205's picture

that trade was from a dark pool and was most likly executed much earlier but hit the tape at the right time to make those puts expolde max value and crush the calls....this shit is so illegal....nobody cares...its the wild west like 1982

Fri, 01/25/2013 - 17:42 | 3186630 alien-IQ
alien-IQ's picture

Don't forget; it's only "illegal" if your net worth is less than 10 digits exclusive of the decimal point.

Fri, 01/25/2013 - 17:46 | 3186650 HedgeAccordingly
HedgeAccordingly's picture

100% correct.

Fri, 01/25/2013 - 18:25 | 3186758 Dr. Engali
Dr. Engali's picture

I've been a victim of that trade more than once. It was a painful lesson.

Fri, 01/25/2013 - 19:37 | 3186899 hooligan2009
hooligan2009's picture

ack sorry..i down arrowed you...fat finger, my bad

Fri, 01/25/2013 - 21:28 | 3187074 conspicio
conspicio's picture

When the morons in the SEC put out shit like this:

They're all sansabelted with short sleeve shirts and ties over there. Yeee-haaa.

Fri, 01/25/2013 - 18:21 | 3186601 Dr. Engali
Dr. Engali's picture

Oops... That was me... sorry guys. I meant to sell 80 shares. Fat finger you know.


An ex Waddell & Reed mid level employee.

Fri, 01/25/2013 - 18:53 | 3186805 NoDebt
NoDebt's picture

Again, Doc?  AGAIN?  Didn't Rochedale throw you out after you botched up an Apple trade for Dick Bove a few months ago?  I thought they fired you already.

Fri, 01/25/2013 - 17:34 | 3186602 max2205
max2205's picture

Should have seen those 1/25 445 puts go from 0.60 to $5.00 in 30 sec....awesome if on the right side....awesome

Fri, 01/25/2013 - 17:43 | 3186624 Cdad
Cdad's picture

We saw the absolute inverse of this on both CRM and CMG...where millions were made in nanoseconds on the options at close.  The stock was just the churn and the chum.

Yeah...I'm sure "investors" can't wait to get in there and buy stocks.  Keep printing dollars for the criminal syndicate, Ben...because the folks are gone.  Capital formation is dead, and will remain so until such time as the current "market" is scrapped, and the orange jump suits are handed out.

Just imagine the portfolio manager's level of incompetence to sell that much Apple stock right there, while piling into the SPY...on that pairs trade capitulation.  Just imagine that amount of capital missallocation involved in all the S&P stocks that have been rising....following the SPY's lead.  In this one example, you see just how broken the entire "market" is...and how imcompetent the people behind these "markets" really are.


Fri, 01/25/2013 - 18:02 | 3186698 Yen Cross
Yen Cross's picture

 As always, [Cdad], I deeply respect your input. There is technical, and there is techni/call... " On the job training"

Fri, 01/25/2013 - 19:41 | 3186909 in-Credible Banker
in-Credible Banker's picture

You mean like NFLX????  I mean that is positively effed up shit!

Fri, 01/25/2013 - 20:50 | 3187022 Yen Cross
Yen Cross's picture

 Watching the Bills, might get more expensive

Sat, 01/26/2013 - 10:49 | 3187590 Gold Dog
Gold Dog's picture

I bought a potload of equities in early January, the market always rallies before the inflation hits. I am now using trailing stops on all seven I loaded on. I are a fuckin genious, they are all up.....for now.


 PS- The hard part of course is to not get caught with my pants down when they take all of TDAmeritrades $$$ to help the loafers, eh, less fortunate, ya, that's the ticket! They aren't multi-generational parasites, they are the less fortunate who really didn't build that!

Fri, 01/25/2013 - 17:35 | 3186603 Temporalist
Temporalist's picture

Is "pissing your pants" what they mean by HFTs providing liquidity?

Fri, 01/25/2013 - 17:35 | 3186607 virgilcaine
virgilcaine's picture

Hedges in "full panic mode".. got to luv it.

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