"Someone Big Was Utterly Blown Out": Here's The Reason Behind Today's Unprecedented VIX Mov

trdes · Mar 7, 2020

Spooz Top 2 said:
More sellers than buyers .. in a 15 min window!

Come on don't be ridiculous giving a straight forward no nonsense answer that makes sense. Throw me up a speculative news article or write me 2 paragraphs of why it happened after the fact.

Same Lazy Element · Mar 7, 2020

Pekelo said:
I know. Speaking of VIX, I want an explanation for the downward spike on Tuesday at 1 pm, that was stranger, took only 15 minutes.

Remind me, when did they announce the emergency rate cut?

themickey · Mar 7, 2020

Pekelo said:
Yeah. I am a curious cat...

Right......

funny looking cat

Pekelo · Mar 7, 2020

Same Lazy Element said:
Remind me, when did they announce the emergency rate cut?

That was 3 hours earlier around 10 am...

gmal · Mar 7, 2020

Pekelo said:
I know. Speaking of VIX, I want an explanation for the downward spike on Tuesday at 1 pm, that was stranger, took only 15 minutes.

There was no spike (down or up) in VIX at 1 PM on Tuesday. It was at 10 am when they announced rate cuts

SunTrader · Mar 7, 2020

Peka boo must live on left coast - 3 hours diff.

Overnight · Mar 7, 2020

It should be a rule that all times related to anything financial means Eastern Time, i.e. Wall Street. So by default everyone should adjust their clocks to it, not the other way around on guesswork.

gmal · Mar 7, 2020

SunTrader said:
Peka boo must live on left coast - 3 hours diff.

Then the following statement from him doesn't make sense

Pekelo said:
That was 3 hours earlier around 10 am...

SunTrader · Mar 7, 2020

gmal said:
Then the following statement from him doesn't make sense

Well as you pointed out his reference of a spike at 1:00pm doesn't make sense.

Anyway let him respond

Overnight · Mar 7, 2020

SunTrader said:
Well as you pointed out his reference of a spike at 1:00pm doesn't make sense.

Anyway let him respond

It is going to get even more confusing tonight, as the USA jumps ahead 1 hour on the clock for it's damned Daylight Saving time.

I hate this shit.

Which reminds me. Keep an eye out for abberant behavior Monday morning. I finally noticed last year that on the Mondays following the spring ahead or fall-backs, the markets seemed "different".

Of course with this Corona stuff the effect, if any, may be muddled. But I can swear that clock changes seem to affect the market behavior for that first Monday following the change..