VIX Options Halted

trefoil · Nov 7, 2012

Also futures. Anyone know why?

trefoil · Nov 7, 2012

They're back. Spreads are nuts, but they're back.

sle · Nov 7, 2012

systems problems at CFE. move along, nothing to see here

rallymode · Nov 7, 2012

Quote from sle:

nothing to see here

Unless you have a thousand spreads and your broker starts playing with the marks. Might be kinda hard to meet this margin call

Put_Master · Nov 7, 2012

Quote from rallymode:

Unless you have a thousand spreads and your broker starts playing with the marks. Might be kinda hard to meet this margin call ]

Another weeks worth of days like today, and a lot of spread traders, who don't even realize they are on margin of 8 - 10 times their account value,... are going to find out the definition of "risk management" the hard way.

macintash · Nov 7, 2012

Did you had a margin call, how was it handled?

Quote from rallymode:

Unless you have a thousand spreads and your broker starts playing with the marks. Might be kinda hard to meet this margin call

sellindexvol66 · Nov 8, 2012

Quote from Put_Master:

Another weeks worth of days like today, and a lot of spread traders, who don't even realize they are on margin of 8 - 10 times their account value,... are going to find out the definition of "risk management" the hard way.

put, that was a margin calculation ERROR in ib. completely different situation than you are assuming.

it was due to the cfe issues. i had a neg liq value also, was in a mild panic also cause i know how ib can auto liq..but in 2 minutes it started clearing up.

macintash · Nov 8, 2012

Thats a concern with IB.

Quote from sellindexvol66:

put, that was a margin calculation ERROR in ib. completely different situation than you are assuming.

it was due to the cfe issues. i had a neg liq value also, was in a mild panic also cause i know how ib can auto liq..but in 2 minutes it started clearing up.

sle · Nov 8, 2012

Quote from sellindexvol66:

put, that was a margin calculation ERROR in ib. completely different situation than you are assuming.

it was due to the cfe issues. i had a neg liq value also, was in a mild panic also cause i know how ib can auto liq..but in 2 minutes it started clearing up.

Was there a risk of liquidation at any point due to the marks being off? Also, was this driven by the broker or by the CFE (I don't know what spreads you have on, but I don't remember any super-drastic moves like these)?

sellindexvol66 · Nov 9, 2012

Quote from sle:

Was there a risk of liquidation at any point due to the marks being off? Also, was this driven by the broker or by the CFE (I don't know what spreads you have on, but I don't remember any super-drastic moves like these)?

sle, second q first; it was a cfe issue..reported by many media outlets. none of my stuff was in actuality against me..especially considering i am very balanced in vol exposure.
whatever happened, ib was quoting stuff crazy...like i had on some futs $31,000,000 against me..then similar for me elsewhere. i run some decent sizes but not like that.

lastly, i do believe ib would auto liquidate if the neg liq stayed there for a prolonged time...although certainly they must have known the whole thing was erroneous ..but u know how computers can just take over.

i hope rally has some answers to save me the time of asking as i must protect myself better it seems.