Someone Forget To Tell The VIX-Slamming Machines That The Market Is Shut

Tyler Durden's picture

As American investors sit back in their chairs, watching parades, sipping Budweiser elegantly, and generally having a good day off... there are some 'people' that are working hard to ensure the status quo is sustained. In order to maintain the illusion of exuberance and lack of concern, we are used to the ubiquitous melt-up in stocks late on a Friday afternoon (always driven by an 'odd' collapse in VIX). Of course, no human would be silly enough to do that on a day when European stocks tumbled on banking contagion concerns and the fact that stock markets around the world are now totally closed... so -  we ask in all incredulity - WTF is going with VIX futures...

 

The July VIX Futures - which do not mature for another 10 days - have collapsed...

 

And it's not some fat finger thin volume trade - it is massive algorithmic idiocy...

 

Someone tell the machines to take the day off

*  *  *

Unrigged?

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International Jew's picture

My day just actually got much better.

International Jew's picture

Now comes the temptation.

 

btw watch this video on dianetics. its on some jews channel, but who cares, don't have to pay 25 bucks for it.

https://www.youtube.com/watch?v=vxOB1j8_1dU

and fuck u if u don't - fuckin muppet

LOVE YOU

flacon's picture

S&P 3000 by Monday afternoon? ...and 10,000 by next Friday?

El Oregonian's picture

VIX = Void If Xternalized

Sudden Debt's picture

BANK OF CYPRUS NEEDS FRESH CASH!!!!

THEY WILL FIRST TRY TO ISSUE 1 BILLION DOLLARS OF NEW SHARES.

Like that will help.
So for all the retards over there who put money back into the banks....

Buck Johnson's picture

Our whole economy is fake and when it implodes we will be done.

RockyRacoon's picture

Somebody forgot to turn out the lights when they left on Thursday...

bonin006's picture

On hearing "I'm sorry Dave, I can't let you do that", And noticing multiple red laser spots on his body, he decided to just leave everything on.

RockyRacoon's picture

Are you hinting that there was coercion by the algos?  Could be.

DeadFred's picture

Nah, there's something deeper going on here. Wish I knew what though. Monday will be a different game I think.

tom a taxpayer's picture

Premature ejaculation: the VIX fixers shot load fantasizing about breaking the S&P 2000 cherry on Monday.

godzila's picture

un freaking believable !

International Jew's picture

actually is unbelievable...  kinda of.

Cthonic's picture

Slough, England

lasvegaspersona's picture

This can't be right.

A 5 handle?....unpossible!

SHEEPFUKKER's picture

Perhaps negative VIX is coming, it's how things roll here on Planet Earth. 

Mentaliusanything's picture

That's some pretty Fucked up shit right there.

Impossible - even for a rigged market, so someone(many) are going to have their faces ripped clean off !!!                    this needs to be "manually" corrected and ASAP

orangegeek's picture

yellen, is that you????

put_peter's picture

The whole friggin paradox of this global 'TPTB system' is that once the the 'system' releases people from their 'duties' it allows people to use their brains and realise the insanity of the 'system'.

luna_man's picture

 

 

Just in case you and me should get our hopes up for monday.

 

As long as the CRIMINALS contol it, expect it

DavidC's picture

It's a big POMO on Monday, $2.50 - $3.25 billion.

DavidC

orangegeek's picture

actually, algos will be trading on Sat and Sun - SURPRISE!!!!!!!!!!!

Hindenburg...Oh Man's picture

Is this possible? I mean did VIX actually trade today?

optimator's picture

I wouldn't be surprised if the algos and markets were open for the 1% to trade on their inside information 24/7.

potato's picture

This is hilarious. I hope they go broke.

potato's picture

Somebody who trades Vol, please tell us, do all VIX contracts tend to zero towards expiration? I mean, on expiration day, VIX futures must be very low just as in options the time value erodes the value of the option.

RaceToTheBottom's picture

Machines don't need time off...

A market of machines, for machines

tom a taxpayer's picture

It's algos practicing for Monday.

Bunga Bunga's picture

Calm down, the central planning committee just tested the dial for the August goal.

GrinandBearit's picture

So, I guess this means the S&P futures will gap up 50 handles on Monday (?)

razorthin's picture

This just encourages me to dullen the blade on my guillotine a bit more.  I've a feeling it will turn into a neck crusher instead of a neck slicer before this is through.  Max pain.

kaa1016's picture

It's not just July. This goes out until November and the front 3 months have all traded over 100k contracts. Something clearly is very wrong.

luckylogger's picture

No kidding, that is an account buster move.....

Bet they don't break the trades though...

http://www.cboe.com/micro/VIX/vixintro.aspx

 

kaa1016's picture

With that kind of volume, if those trades stand, expect some pretty wild moves on Monday. If these trades aren't busted and the VIX snaps right back, whoever put these trades on is going to find themselves in a bad risk position.

Squid Viscous's picture

there is no reason for Vix, since the Shalom/Yellen put... they are not bluffing and they will crush any attempt at a stock sell-off, just add to SVXY or XIV every day... and enjoy the summer, get as much golf in as you can Obozo-style

Hongcha's picture

Maybe a buying op on a deep gapdown open on Monday?

Squid Viscous's picture

haa, haaaa - lol, wait fot it!!

luckylogger's picture

Wow, what a money maker for the shorts.......

God I wish I had had the balls to sell some short yesterday......

But of course if anything I would have bought...

All the stops hit all the longs are now out....

Alot of busted accounts for the retail guy to celebrate today.....

Some will not know they have negative accounts until sunday or monday.

Guess they are the lucky ones.....

luckylogger's picture

Notice the low for the sep contract was 3.15.
Somebody made a shit load of money.....
But like I said earlier... alot of retail accounts are blown out...

zipit's picture

Please elaborate on "a lot of retail accounts are blown out..."  Thks.

The Axe's picture

WFT is correct...how could this BE??  wait   its the stock market?   WTF

The Axe's picture

I turned on my computers    I can't find this inforamtion anywhere Tyler?

USAIIA's picture

 

Someone bought what someone sold, and all contract months have huge volume over many 5 minute periods.

 I think that this is the beginning of the END for HFT Algos Gone Wild ! 

Also, This event could be the straw that breaks the UP Markets back as the Futures at a 5 handle do not reflect the Actual underlying OPTIONS from Thursdays close overnight.

CBOE Volatility Index (VIX) Futures

LISTING DATE:

March 26, 2004

DESCRIPTION:

The CBOE Volatility Index is based on real-time prices of options on the S&P 500 Index, listed on the Chicago Board Options Exchange (Symbol: SPX), and is designed to reflect investors' consensus view of future (30-day) expected stock market volatility.

CONTRACT MULTIPLIER:

The contract multiplier for each VIX futures contract is $1000.

 

http://cfe.cboe.com/Products/Spec_VIX.aspx

 

TonyStewart14's picture

CBOE was closed today.  Where did these trades happen?

Squid Viscous's picture

it the Vix falls (again) in the forest, but nobody can trade it, did it really happen? 

hugovanderbubble's picture

Long Live ZH, the only web that has EGGS to show THE REAL THING ACROSS THE GLOBE RELATED TO FINANCIAL RIGGED MARKETS.¡