VIX Flash-Crashed Into Today's Close - Hits Record Low 8.56

Update: *CBOE: VIX 8.56 PRINT SEEN AS `BLIP'; TRUE LOW SEEN AS 9.64/9.65...

Is a 'blip' worse, or better, than a 'glitch'?

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At first we assumed it was a fat finger...

The flash crash to 8.56 lows occurred at 13:00:14ET...

There was a massive spike in VXX volume at the same time...

But it remains in the feeds and so it appears the VIX flash-crash into today's early close printed the lowest ever level for the fear index...

 

Broken Markets?

Comments

nope-1004 mily Fri, 11/24/2017 - 14:17 Permalink

Computer games always experience glitches.  Is this fallacy of a "market" any different than a computer game to the elite?It's all just computer entries pushing shit higher."For every buyer there has to be a seller..."  Uhhh.... no there doesn't.  Not in an illusionary, contrived, manipulated USD proxy computer game. 

In reply to by mily

mily mily Fri, 11/24/2017 - 17:11 Permalink

"Update: *CBOE: VIX 8.56 PRINT SEEN AS `BLIP'; TRUE LOW SEEN AS 9.64/9.65..."Just a CBOE test before real shit happens (as per yesterday's Kevin Muir's vix spike article":"Update: *CBOE: VIX 51.00 PRINT SEEN AS `BLIP'; TRUE HIGH SEEN AS 15.00..". 

In reply to by mily

Tim Knight fro… Fri, 11/24/2017 - 14:00 Permalink

I keep telling you guys these are data errors! As fancy-pants as technology is, the financial data world is RIFE with spikes and just plain wrong bars. So all these "WTF!" charts.........they're a phantom.

christiangustafson Fri, 11/24/2017 - 14:17 Permalink

My stink-bids hit on SPY puts with this VIX print.Congress returns from Thanksgiving break, no chance in hell we get the tax cut/reform/free shit deal.I think Goldman Sachs has it dead-balls right with the SPX at 2400 EOY.  

Yen Cross Fri, 11/24/2017 - 15:29 Permalink

  I'd be using "carry solutions" that are F/X and sovereign bond based.  Take those variables and look at the spreads between corporate risk, and actual (EBITA).  This short squeeze is nothing more then a chatroom bankster knockdown, before the December Fed. meeting. [same as it ever was] * note ~ I shorted eur/jpy all last week, and made some good money.  Do any smart F/X traders think it's wise to fight the divergence between equities and the F/X -sovereign bond markets?  What's happening with the euro currently, is hedges unwinding, and EM bets using euros covering their contracts. I promise that 2018 won't be a good year for "risk parity". Central banks can go bankrupt, and we're all well aware that "stagflation" is alive and well. 

Late onset ADHD Fri, 11/24/2017 - 16:01 Permalink

running the shorts out and quantifying the F/X spreads has become a recreational pursuit... hedge at your own risk... if you believe the metrics, do so at your own peril...

Yen Cross Late onset ADHD Fri, 11/24/2017 - 16:59 Permalink

 Hedging F/X isn't difficult. You can trade both, options and futures. I'm not sure what your comments Re; quantifing f/x spreads means? FX spreads have never been lower, or more competitive, because scumbags like the CFTC and FINRA have forced non-institutional traders to take all the risk. If you're speaking of F/X risk vs other assets, well... that's what quantified risk taking is about.

In reply to by Late onset ADHD

Madolf Sanders… Fri, 11/24/2017 - 22:24 Permalink

No telling how many billions or less of vix-long $ was sucked up that second. Peeps prepped for long-vix post holiday. Generally, print continues in direction of trend for few days longer to throw-off aspersions, then moves in direction of victim. vix-low 9ish tuesday. pops wed/th. 1st-stnd.dev.