This page has been archived and commenting is disabled.

Options Markets Break... Again (And Un-Break 12 Minutes Later)

Submitted by Tyler Durden on 10/02/2013 09:50 -0400

UPDATE: *NASDAQ, NYSE ARCA, AMEX OPTIONS REVOKE SELF-HELP AGAINST CBOE

The stock market is trading down - therefore, options markets have broken:

*BATS OPTIONS HAS DECLARED SELF-HELP VS CHICAGO BOARD OPTIONS
*BATS: ROUTING TO CHICAGO BOARD OPTIONS EXCHANGE SUSPENDED
*NASDAQ OPTIONS MARKET (NOM) HAS DECLARED SELF HELP AGAINST CBOE

Seems that options markets were not broken last night as VIX was banged into the close?

- advertisements -

Wed, 10/02/2013 - 09:53 | 4013484 SheepDog-One

Markets breaking...the new catalyst to drive equities higher!

Wed, 10/02/2013 - 09:56 | 4013502 101 years and c...

at this point, "markets" need to "break" in order to prevent sell orders from executing. afterall, stocks are the only thing this admin has to point to. but....but....stocks are at all time highs, so times are great.

Wed, 10/02/2013 - 10:05 | 4013524 Spastica Rex

Best President Ever®

Wed, 10/02/2013 - 10:14 | 4013538 MillionDollarBonus_

There are matters of far greater urgency than a bunch of greesy zerohedge day traders not being able to trade options. Media outlets have been eerily silent on the issue of climate change for at least a year and a half, and scientists are becoming extremely worried that little has been done to curb carbon emissions. Read today's article at the Accredited Times for an overview of the threats we face and what we can do to stop climate change:

http://accredited-times.com/2013/10/02/climate-change-a-global-emergency/comment-page-1/#comment-678

Wed, 10/02/2013 - 10:14 | 4013542 smlbizman

new logo....same asshole

Wed, 10/02/2013 - 10:18 | 4013563 MillionDollarBonus_

Derivatives like options should be banned anyway. These tools of the ungregulated free market were the cause of the biggest financial meltdown in history. It's time for regulators to ban derivatives once and for all.

www.accredited-times.com

Wed, 10/02/2013 - 10:33 | 4013623 BoNeSxxx

Maybe this is why the markets are acting today like they should have acted yesterday...

DOW down, PMs up.

Wed, 10/02/2013 - 10:46 | 4013684 Stoploss

The Nikkei was up yesterday, PM's and Nikkei have an inverse relationship. (Currently. That could change tomorrow)

Wed, 10/02/2013 - 10:32 | 4013626 DaddyO

If there's nothing here but greasy day traders, why do you continue to spam this site?

DaddyO

Wed, 10/02/2013 - 11:24 | 4013881 Jack Napier

Because the smart slaves do as their told, and in some cases, paid.

Wed, 10/02/2013 - 10:02 | 4013516 BandGap

We don't need no stinkiin' options. If an options market breaks in the woods was there ever really a need for an options market?

Hey, that woman golfer, Blair O'Neal is fucking hot!

Wed, 10/02/2013 - 09:54 | 4013485 holdbuysell

Is it me or are these failures just a recent and rather frequent occurrence? And why now? Has anyone determined a root cause for this?

Doesn't seem right...

Wed, 10/02/2013 - 09:57 | 4013503 DaddyO

MOPE!

Different audiences need different motivations, false flags, well timed tweets on AAPL, JCP news reports, .gov Shutdowns, etc.

Please standby, control of your TeeVee will be returned mometarily...

DaddyO

Wed, 10/02/2013 - 10:13 | 4013540 Spastica Rex

I have a different take.

We're starting to see cracks, the largest so far being the scuttling of our Syria mercy bombing. I think the gov "shutdown" is another crack. Lots of other little cracks.

Wed, 10/02/2013 - 11:20 | 4013866 NotApplicable

Thing is, thanks to Herb Stein's Law of Sustainability, they are desperate for any and all cracks to give way, so that they don't have to pretend anymore, but rather, will jump into crisis mode.

Novus Ordo Seclorum and all that.

Wed, 10/02/2013 - 12:29 | 4014194 Spastica Rex

I go back and forth.

However, I think it's improbable that the Masters of the Universe are simultaneously trying keep things together and hoping they fall apart. I'm currently inclined to think that humanity is just a glorified termite hive - with just as much intelligence and forethought.

Wed, 10/02/2013 - 10:08 | 4013532 Thought Processor

Too many plates spinning at one time. Many are beginning to wobble.

That said though, all of these events are precedents in what is coming and you can be assured that once the real shit does hit the fan none of these markets will be functioning.

They will all be closed due to 'system issues' which are being 'worked on until further notice'.

Why anyone would have large amounts of money in this game at this point is beyond me.

Wed, 10/02/2013 - 11:28 | 4013902 Crash Overide

In an average year how many market "halts" are normal? Hasn't there been 5-6 in the last month alone?

Wed, 10/02/2013 - 09:54 | 4013486 Dr. Engali

The squid needs a bunch of bad trades busted.

Wed, 10/02/2013 - 09:58 | 4013508 toady

"It's going down? That's not how we manipulated it... It must be broken"

SHUT'ER DOWN!

Wed, 10/02/2013 - 10:06 | 4013528 SheepDog-One

Apparently they have bad trades they need busted daily now.

Wed, 10/02/2013 - 09:55 | 4013487 Cognitive Dissonance

Maybe we need to list the things that are not broken. Ready? Here is the list.

< Nada >

Understanding < Nada > is key to properly preparing for what is coming.

Wed, 10/02/2013 - 10:08 | 4013530 Skateboarder

Ah, the Newtonian method. If < Nada > is what I know, then 1 - < Nada > is what I don't know.

Your preparation reaches an asymptote as Nada approaches zero. Beautiful shit, really.

Wed, 10/02/2013 - 09:53 | 4013491 SheepDog-One

OH and as Bill Gross sez, they'll just keep this shit up day after day till 2035!

Wed, 10/02/2013 - 09:57 | 4013501 Cognitive Dissonance

One must always keep in mind that as the rich and powerful grow older they tend to focus on leaving a (properly managed) "legacy".

<Cue the propaganda machines.>

Wed, 10/02/2013 - 09:55 | 4013493 discopimp

"Oh your looking for the 'Self-Help' section - that asile 5"

Wed, 10/02/2013 - 09:57 | 4013506 Agent P

Wouldn't it be ironic for someone to ask to be directed to the self-help section?

Wed, 10/02/2013 - 11:23 | 4013883 NotApplicable

Not really. If they had the capacity for self-help, they wouldn't need any book.

Wed, 10/02/2013 - 09:54 | 4013494 Tinky

It's not a glitch, it's a feature. Oh, wait...

Wed, 10/02/2013 - 09:59 | 4013511 NoDebt

Very true. If you want it broken, it's a feature. If you don't, it's a glitch.

Wed, 10/02/2013 - 09:54 | 4013495 economessed

Everything is broken. Why is this news?

Wed, 10/02/2013 - 09:55 | 4013497 Agent P

I guess we're out of options then.

Wed, 10/02/2013 - 09:55 | 4013498 RougeUnderwriter

Fat fingers please enter here

Wed, 10/02/2013 - 09:56 | 4013500 Tsar Pointless

I'll tell you what else is broken - the curse on the Pittsburgh Pirates.

After 21 years, finally, a playoff game AND win. The Bucs dismantled the Cincinnati Reds last night. Which is great, because I despise the Reds.

Russell Martin looks like a person who wants to win a World Series title, and won't rest until he does.

Next up: the St. Louis Cardinals. I say Pirates in 5.

Let's Go Bucs!

Wed, 10/02/2013 - 09:58 | 4013505 RacerX

Pittsburgh Pirates.. that's the hockey team, no?

Wed, 10/02/2013 - 10:00 | 4013515 NoDebt

Close.

Wed, 10/02/2013 - 10:19 | 4013564 smlbizman

ur thinking of the 0-4 football team...

Wed, 10/02/2013 - 10:03 | 4013522 toady

Blernsball

Wed, 10/02/2013 - 10:07 | 4013526 Mototard at Large

Baseball actually. Some sort of American game based on cricket. The British call it "rounders" as the players run around in a circle rather than back and forth like in cricket!

Wed, 10/02/2013 - 10:10 | 4013535 SheepDog-One

Yea so painfully boring you'd want to kill yourself if you weren't so drunk, just like Cricket.

Wed, 10/02/2013 - 10:14 | 4013543 Tsar Pointless

I had Cricket, but I recently bought a Samsung Galaxy SIII and switched to Verizon.

I got a great deal. At CostCo, of course.

Wed, 10/02/2013 - 10:36 | 4013649 DOT

Local POMO operation.

Wed, 10/02/2013 - 10:02 | 4013517 AlaricBalth

Keep watching the left hand while the right hand is picking your pocket.
;-)

Wed, 10/02/2013 - 10:08 | 4013531 SheepDog-One

Baseketball I think.

Wed, 10/02/2013 - 10:14 | 4013545 superflex

Dont forget, the Pirates couldn't put a winning season together for 20 years.

Beating up a Dusty Baker managed team is not too hard. He's a token moron just like our Preezy.

Get back to use when you win it all or the Steeleres win a game.

Wed, 10/02/2013 - 10:17 | 4013561 Agent P

The playoffs start tomorrow. What the Pirates won last night was a stupid fucking gimmick cooked up by Bud Selig & Co. However, your boys deserve to be where they are based on their record, so I won't give you any shit about it. That being said, I think the Cards are going to wipe the floor with them (and I'm a Cubs fan, so I hope I'm wrong).

Wed, 10/02/2013 - 11:27 | 4013895 NotApplicable

Hey, it's the 21st Century. Gimmicks are all we have left.

Wed, 10/02/2013 - 10:08 | 4013534 auntiesocial

The Obama Debt Ceiling- made of high tech rubber that can withstand 3 months of invisible increases and still come in at 16.999! Better than silly putty, stronger than titanium...

Wed, 10/02/2013 - 10:09 | 4013537 SheepDog-One

Apparently.

Wed, 10/02/2013 - 10:16 | 4013548 The worst trader

VXX gets hammered 3:30 yesterday and i'm thinking that today the market would rally big.So wrong ! I guess someone knew today would ramp the VXX and god forbid it goes above 18. Fuck you! total BS fake excuse of a market....just sayin.cashing out perminatly.

Wed, 10/02/2013 - 10:39 | 4013656 haskelslocal

Here's what pisses me off.

This market, a part of the infastrurture of our economy, has been breaking once a week for months now and it's not news.

Yesterday, Healthcare.gov has a Snafu do to traffic overload and scaling issues and it's on everyone's radar.

Come on people! WTFU!

Wed, 10/02/2013 - 11:27 | 4013909 NotApplicable

Can I get an "OH NOES!!!!" for this travesty?

Wed, 10/02/2013 - 10:43 | 4013674 TaperProof

LOL

Congress: World faith in dollar not guaranteed

At least my gold and mining calls are rebounding, yesterday was complete non-sense.

Wed, 10/02/2013 - 10:43 | 4013678 Atlantis Consigliore

http://youtu.be/8CtjhWhw2I8 theres nothing wrong with the Exchanges,

the regulators control the exchanges, the stock and options, markets,

for the outer limits...LOL (shut down just a coincidence) CFTC SEC are ON IT> giggle

sprinkle a little fraudie mae and mac on it for flavor....

Wed, 10/02/2013 - 11:01 | 4013737 Kirk2NCC1701

Traders on Tramp-o-lines,
Brokers Behaving Badly,
Benny Markets Breaking Bad.

It's all FUBAR. Cashing out, putting it into Bank of Certa & Sealy, and starving the Beast.

Wed, 10/02/2013 - 12:29 | 4014154 exartizo

...not about "broken" systems, networks or servers.

rather its about security, hardware and software upgrades that must be updated offline then tested in real time.

make no mistake the spate of recent market service interruptions is not coincidental nor random.

broad MSM complicity and "creative writing" regarding outages points to likely NSA/ other government monitoring and intelligence gathering involvement in querying real time trading data more efficiently and effectively

Options Markets Break... Again (And Un-Break 12 Minutes Later)

Comment viewing options