CBOE Down no trading

Discussion in 'Options' started by roncer, Nov 12, 2006.

  1. actually it was the "electronic" platform that was down, The SPX is open outcry Arnie so you still could have been filled.
     
    #11     Nov 13, 2006
  2. congrats on the profitable trade ! :) J/K Arnie , how is your greek's knowledge going , any progress ?
     
    #12     Nov 13, 2006
  3. Well, it would have been a profitable trade so far...
    I wanted to write the 1345 Nov Puts,
    and buy the 1335 Nov Puts.
    At the time the spread was .35,
    and that was my limit.
    Then I changed the limit to .30,
    still no fill...
    Ah, no big deal...

    Greeks?
    What are those? :p

    :D

    Arnie
     
    #13     Nov 13, 2006
  4. I used to work at the trade desk of a moderate sized broker. When we would see our electronic orders start to back up and not deliver into the CBOE's system (known as RAES) a collective "Oh $ hit" would be yelled to each other, the next few hours would suck. Ask your broker what they do when an exchange is down. We had a back up destination for every option, so, if the CBOE went down we would modify a field in our system and all the CBOE order flow would shoot down to the ISE (if it traded on the ISE).
     
    #14     Nov 15, 2006