"Summers is out" exuberance appears to have been trumped by "the exchanges are down again" bull$hit. The moment that OPRA data dissemination ceased and exchanges began declaring self-help, the major indices began to plunge (as did AAPL even more to -2.5%). The Treasury complex is twisted with the belly -9bps and the long-end yields up 3bps (but that is compressing a little as equities give up their gains)... The total outage of all options exchanges is seen below from Nanex...
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and AAPL did the same (after being dead for 40 minutes)...
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Treasuries are rallyng as stocks fade... (though clearly the flattening is evident)...
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and from Nanex - the 12 minutes of options silence... via Nanex
Total Option Outage
On September 16 at 13:30:39.549 option trades and quotes ceased across
the board. The came back briefly for a few minutes, then went silent.
1. OPRA - each of the 48 multicast lines that carry option quotes and trades..
Trades appear almost 2 seconds after quotes, and after trades from other exchanges.
Something got stuck.
