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CBOE, World's Largest Option Exchange, Offline

Tyler Durden's picture




 

In a market in which nothing matters, and where all risk asset values are set by central planners, it took a while for those unlucky few who still actually trade, to realize that the CBOE was offline all morning, hitting VIX, and various other options products. After all the CBOE just happens to be the world's largest options exchange. According to the website currently the bulk of systems are operating normally, but according to traders on the ground this is not true, and as the CBOE also notes, the C1 system is still down.

It begs the question if the VIX is offline, just where is the actual VIX feed coming from.

Frankly, who cares: can the Fed just leak the closing S&P500 pricing fix from the Liberty 33 market making desk so we can all just go home.

From the CBOE website:

 

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Thu, 04/25/2013 - 11:53 | 3498048 ParkAveFlasher
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Last night I had a dream that a plane crashed.  I didn't see it actually crash, but I saw the plane dive down from the sky, I heard the boom, and walked through the carnage afterwards.

Thu, 04/25/2013 - 11:56 | 3498069 HedgeAccordingly
Thu, 04/25/2013 - 12:04 | 3498114 Stoploss
Stoploss's picture

Use gaffer tape and tape the cord to the floor!!!

Thu, 04/25/2013 - 12:10 | 3498147 ZippyBananaPants
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I was offline one time, ate too many dry roasted peanuts at baseball game and did not poop for 2 days!!

Thu, 04/25/2013 - 12:12 | 3498156 Ahmeexnal
Ahmeexnal's picture

silver rocketing past 24/ozt.
Jamie Dimon just shat his diapers....again.

Thu, 04/25/2013 - 12:13 | 3498163 dogbreath
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wasn't yesterday futures expiry and today options expiry

Thu, 04/25/2013 - 12:17 | 3498184 fockewulf190
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22 minutes faster with the news than CNBS. Impressive. Most Impressive.

Thu, 04/25/2013 - 12:17 | 3498194 NotApplicable
NotApplicable's picture

Well, they can't make it too obvious where they get their info from.

Besides, Santelli's likely yanking out cords, right?

Thu, 04/25/2013 - 12:22 | 3498224 fockewulf190
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Wonder how they took the thrashing ZH dished them out yesterday. Probably whined like a whipped dog.

Thu, 04/25/2013 - 13:22 | 3498587 HoofHearted
HoofHearted's picture

Commercial signal failure....bitchez?

Thu, 04/25/2013 - 12:55 | 3498404 wee-weed up
wee-weed up's picture

ZippyBananaPants

"I was offline one time, ate too many dry roasted peanuts at baseball game and did not poop for 2 days!!"

When you finally did your "business" - I'll bet you had every squirrel in the neighborhood trying to get into your house!

Thu, 04/25/2013 - 14:35 | 3498941 Ruffcut
Ruffcut's picture

All the squirrels need to be rounded up and sent to DC, they are such pain in the asses, also.

Thu, 04/25/2013 - 12:12 | 3498157 Almost Solvent
Almost Solvent's picture

@ ParkAveFlasher

You want some KRAZY fucking plane crash dreams? Check this shit out:

 

http://www.airliners.net/aviation-forums/general_aviation/print.main?id=409232

Thu, 04/25/2013 - 12:32 | 3498274 Max Hunter
Max Hunter's picture

I often have those dreams... And a reoccuring one with a HUGE tidal wave as well..

Thu, 04/25/2013 - 14:46 | 3498998 Westcoastliberal
Westcoastliberal's picture

Say Max, Clif High has been using "web bots" for about 10 years now with several spot-on "hits" (including the big tidal wave in Indonesia), and is warning of a "Global Coastal Event" which may occur sometime between now and June 1, 2013.  His website is www.halfpasthuman.com

His friend George Ure, has an interesting website as well at www.urbansurvival.com and also hosts a site where users can post dreams.

If you're interested, make sure to listen to Clif's latest "wujo" audio; lots of good info and you may be seeing the same thing he is forecasting.

Thu, 04/25/2013 - 12:33 | 3498282 ParkAveFlasher
ParkAveFlasher's picture

In case we do track these details, it was on an athletic field behind a strip mall, in suburban NJ (Emerson, to be exact), it happened in the morning, the plane took off from Newark, and it wasn't a big plane, and it was an intense blaze which followed a nose dive.

I'm so/so on ZH predictions.  My last was $167/oz silver call by April '13 (jury is still out but it doesn't look good.  I called the Jesuit pope, though.

Thu, 04/25/2013 - 11:59 | 3498080 Aeternus
Aeternus's picture

Damnit! Now how am I supposed to buy those December $1,000 APPL Calls?

 

https://www.youtube.com/watch?v=fyklt01lN_I

Thu, 04/25/2013 - 12:18 | 3498199 NotApplicable
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Dear Youtube spammer, DIAF!

Thu, 04/25/2013 - 13:04 | 3498478 Aeternus
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DIAF?

 

Fuckin' acronyms everywhere these days, help me out here.

Thu, 04/25/2013 - 12:03 | 3498109 Abraxas
Abraxas's picture

@ ParkAve Flasher

Freud: Your dream means that you are afraid of impotence. Also, you want to sleep with your mother.

Thu, 04/25/2013 - 12:08 | 3498141 ParkAveFlasher
ParkAveFlasher's picture

I'd never get to first base.  /s

Thu, 04/25/2013 - 12:12 | 3498165 jbvtme
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lol

Thu, 04/25/2013 - 12:15 | 3498174 IridiumRebel
IridiumRebel's picture

Suggestion: more cocaine.

Thu, 04/25/2013 - 12:06 | 3498130 Skateboarder
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Dam terrists all up in yer dreams.

Release the mind drones.

Thu, 04/25/2013 - 12:23 | 3498231 rosiescenario
rosiescenario's picture

Now that you mention it, obviously the next engineered "crisis" will be the collision of 2 planes due to the controllers' furlough which was brought about by those bad members of congress who would just not cooperate with our dear leader....

 

You might wish to avoid air travel for the next few weeks....

Thu, 04/25/2013 - 13:02 | 3498470 red_pill
red_pill's picture

Cboe opened 1148 AM CST

Thu, 04/25/2013 - 11:54 | 3498049 ziggy59
ziggy59's picture

Hmmm..expiration today in Ag, Au....that cant be too good for those looking to get the frig out...

Manning a lifeboat only works if you can get to the boat

Thu, 04/25/2013 - 11:53 | 3498050 youngman
youngman's picture

just announced they are going to try to open..

Thu, 04/25/2013 - 11:53 | 3498051 koaj
koaj's picture

Must. Stop. Puts. On. $AAPL

Thu, 04/25/2013 - 11:55 | 3498058 Dr. Engali
Dr. Engali's picture

Damn maybe Bass should reconsider those gold contracts. Physical bitchez !

Thu, 04/25/2013 - 11:55 | 3498059 seek
seek's picture

Presumably no connection with gold's OpEx day, but I'm sure COMEX would love something that prevents them from getting stand-for-delivery notices just the same.

Thu, 04/25/2013 - 11:57 | 3498062 FeralSerf
FeralSerf's picture

Something is rotten in the state of Denmark -- make that Illinois.

Thu, 04/25/2013 - 15:29 | 3499233 LFMayor
LFMayor's picture

True Dat.  and it's located in two places, north of I-80 and within the confines of the 270 bypass.

Thu, 04/25/2013 - 11:56 | 3498070 Schmuck Raker
Schmuck Raker's picture

"CBOE is not Mt.Gox"

Thu, 04/25/2013 - 12:23 | 3498221 fuu
fuu's picture

Mt.Gox actually has a shred of credibility.

Thu, 04/25/2013 - 12:39 | 3498317 Manipuflation
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You beat me to it SR but I was going to ask "So Mt. Gox acquired CBOE?".

Thu, 04/25/2013 - 11:58 | 3498077 youngman
youngman's picture

we have flash crashes...now exchange crashes....what next

Thu, 04/25/2013 - 12:40 | 3498324 recidivist
recidivist's picture

network crashes will be worse still, when the exchange is allowing some HFT algobot to clean up on stops that the holders are powerless to remove, owing to lack of bandwidth...that will suck

Thu, 04/25/2013 - 11:57 | 3498079 Bagbalm
Bagbalm's picture

Will open when some more silver is available.

Thu, 04/25/2013 - 11:59 | 3498083 slaughterer
slaughterer's picture

fucjk, BEn,  we need to get da hellll out of our Preciousss mEdals optiions crusher bettss your orddeered, 

Bennie, can you heeeelpp ussss.

UR sustem s are bruking downn....

 

Thu, 04/25/2013 - 12:00 | 3498086 Cdad
Cdad's picture

Well, just have Cramer come on....to remind everyone to "use the fraud" to your advantage.  According to Jim, nothing can be done about any of this stuff.  We must embrace the broken, corrupted, fractured market system brought to us by Duncan Niederauer.  

Thu, 04/25/2013 - 12:00 | 3498092 ziggy59
ziggy59's picture

PPT probably has Direct feed to VIX...

Thu, 04/25/2013 - 13:02 | 3498466 Urban Redneck
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probably the only direct (unmanipulated) feed that exists

Thu, 04/25/2013 - 12:04 | 3498112 Dull Which
Dull Which's picture

Loved the "Open when a time is DECIDED"

Not "when we can" or "as soon as the issue is resolved" but "when we feel like it"

 

Thu, 04/25/2013 - 12:14 | 3498177 Bastiat
Bastiat's picture

You can't handle the truth...or we can't...or something

Thu, 04/25/2013 - 12:27 | 3498250 rosiescenario
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........and based upon what? Maybe after the silver short sellers are given a last chance to cover?

Thu, 04/25/2013 - 12:05 | 3498118 mattdubz86
mattdubz86's picture

BULLISH!

Thu, 04/25/2013 - 12:05 | 3498119 tmosley
tmosley's picture

They just decide what it will be and write it down--BAM, that's what it is.  These guys are much more efficient than markets.

Thu, 04/25/2013 - 12:05 | 3498128 Bernie Leeson
Bernie Leeson's picture

I think the answer to your question "It begs the question if the VIX is offline, just where is the actual VIX feed coming from." is that the CFE probably has separate systems.

Thu, 04/25/2013 - 12:12 | 3498143 bnbdnb
bnbdnb's picture

Who cares about the VIX?

Tell everyone you know, if you can't tell what the fuck this means, you are a fucking idiot.

http://topforeignstocks.com/wp-content/uploads/2013/02/Fed-Balance-Sheeet-vs-SP500.png

No more beating around the bush.

Thu, 04/25/2013 - 16:58 | 3499621 Kelley
Kelley's picture

I'm not an idiot, but I am ignorant about business nomenclature.

Something isn't right about this closure. Could someone tell people like me what it means?

Thu, 04/25/2013 - 12:10 | 3498150 GoldRetriever
GoldRetriever's picture

Is this what they mean by "out of options?"

Thu, 04/25/2013 - 12:10 | 3498151 icanhasbailout
icanhasbailout's picture

BitOptions

Thu, 04/25/2013 - 12:14 | 3498166 Counterfiat
Counterfiat's picture

It begs the question if the VIX is offline, just where is the actual VIX feed coming from.

 

Weeeerrrrrrrrrrre off to see...

Thu, 04/25/2013 - 12:13 | 3498172 earleflorida
earleflorida's picture

good, because about an hour ago i bought 200 put contracts (???) june/13

got filled at market :-))

Thu, 04/25/2013 - 12:15 | 3498175 Schmuck Raker
Schmuck Raker's picture

OT: Did Stolper move?

"BNP Paribas recommends long EUR/USD at 1.3000, target of 1.3400 and stop below 1.284"

-RanSquawk

Thu, 04/25/2013 - 12:22 | 3498216 Translational Lift
Translational Lift's picture

I would have expected this to happen on a big down day.....anything to save the farce...........

Thu, 04/25/2013 - 12:24 | 3498227 Atlantis Consigliore
Atlantis Consigliore's picture

Its all a coincident; 


CBOE May Retire From Police Beat Largest U.S. Options Exchange Weighs Splitting Off Regulatory Unit or Handing Its Duties to Finra

http://online.wsj.com/article/SB1000142412788732423530457843910199615838...

giggle giggle,  its all just a coincidence.....

Thu, 04/25/2013 - 12:29 | 3498258 Translational Lift
Translational Lift's picture

"CBOE May Retire From Police Beat"

May as well because it acts like a fat, dumb, drunken cop stuffing himself in a doughnut shop...........

Totally ineffectual...........

Thu, 04/25/2013 - 12:25 | 3498236 Petrus Romanus
Petrus Romanus's picture

Question: How close are we to the actual end of the line? There is no such thing as coincidence when it comes to large issues such as options expirations for gold and silver. So, again I ask, how close are we?

Thu, 04/25/2013 - 12:42 | 3498337 semperfi
semperfi's picture

Very far away.  When you can change the rules anytime they get in the way, and when you can print as much 'money' as needed to get the job done, the game can go on forever.  Especially since virtually no one seems to care less.

 

Thu, 04/25/2013 - 12:59 | 3498439 Herd Redirectio...
Herd Redirection Committee's picture

Its called "until faith in your currency's world reserve currency status is eroded".  We are already seeing the avg. person in the Middle East, India, China, turn their back on fiat currency, now pension funds, hedge funds, mutual funds, need to follow suit.  Of course there are some who will stick it out, invested in Treasuries, and fiat, but they will have some explaining to do after the fact, that is for sure.  "I thought gold was the bubble, and the USD retains its value" 

Yeah, well, sorry about that! 

Thu, 04/25/2013 - 12:38 | 3498315 dynomutt
dynomutt's picture

I found this after some quick googling:

President of Exchange: [Randolph Duke has just collapsed with shock] Mortimer, your brother is not well. We better call an ambulance.

Mortimer Duke: Fuck him! Now, you listen to me! I want trading reopened right now. Get those brokers back in here! Turn those machines back on!

[shouts - it echoes pathetically throughout the trading hall]

Mortimer Duke: Turn those machines back on!

 

Look at that S-Car Go!

Thu, 04/25/2013 - 13:24 | 3498608 IridiumRebel
IridiumRebel's picture

Pork Bellies!

Thu, 04/25/2013 - 12:40 | 3498319 catacl1sm
catacl1sm's picture

Must be Cyber-Terrerists. MOAR CISPA!

Thu, 04/25/2013 - 13:24 | 3498603 IridiumRebel
IridiumRebel's picture

HUMAN NATURE IS A BITCH. GTFO!!!!!!!

Thu, 04/25/2013 - 14:32 | 3498933 Common_Cents22
Common_Cents22's picture

rumor has it comex has bought 3 "we buy your old gold jewelry" businesses

Thu, 04/25/2013 - 12:47 | 3498369 youngman
youngman's picture

12:50 now to open

 

Thu, 04/25/2013 - 13:17 | 3498567 orangegeek
orangegeek's picture

check out this link for an update:

 

werefucked.cboe.com

Thu, 04/25/2013 - 13:42 | 3498713 jeebus
jeebus's picture

Oh yeah no biggie, just the CBOE is down during trading.

 

Market roars towards new highs!

Thu, 04/25/2013 - 14:00 | 3498804 Bastiat
Bastiat's picture

 

Silver delivery failure defense:

Force majeure--he devil made me do it.

Thu, 04/25/2013 - 15:18 | 3499186 ultraticum
ultraticum's picture

ZH and Tylers:  you need to figure out a way to append "Bitcoin" to the beginning of the title of this article - like you did the RP interview where he supposedly trashes Bitcoin.

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