Take a look at the attached one-minute chart of the VIX from that day (each bar represents one minute). There's no conspiracy theory too wild for me to believe, but in this case I think the chart clearly shows an opening data glitch. Nobody watching could possibly have taken it seriously as it represented a 10-point overnight jump in the VIX, while the S&P 500 was actually opening higher.
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VIX at 38 on 7/17?
- Thread starter RichardRimes
- Start date
Quote from RichardRimes:
It must be a bad tick...on the TOS platform I'm showing a high of 38.85 on the daily chart however the 15min and 5min didn't show it. wasn't around (trading) so didn't know
My mistake. I do recall a spike at 8:30 ct but it was on Wed. Like somebody else said, bad data.
wow..it does look like wed..thanks guys
On IB a week before I had placed a large buy order (large for me, at least) for the XLF conditional upon the VIX hitting over 32 (32.50, I think). The order went off on that "bad tick"--long 17.79.
Quote from smilingsynic:
On IB a week before I had placed a large buy order (large for me, at least) for the XLF conditional upon the VIX hitting over 32 (32.50, I think). The order went off on that "bad tick"--long 17.79.
No kidding! Wow - and you made money off a snafu like that - amazing. How often does THAT happen?
Still that's a little scary, and a cautionary tale indeed...
TOS does this from time to time, and it can be quite annoying, especially when looking at historical price charts, and the price action is a flat line over 10 years because XYZ had a print at 3500.25 last november. One of the only gripes I have with TOS, though, so I guess I'll live.
Quote from dmo:
No kidding! Wow - and you made money off a snafu like that - amazing. How often does THAT happen?
Still that's a little scary, and a cautionary tale indeed...
Any trade made with a contingency on that VIX print would have been taken down. The CBOE sent out a notice about the bad print. Just remeber its ET here and people tell yaa they make millions in casinos too.