OptionsHouse

Options Trading News

August 22, 2013  Thu 12:20 PM CT

NDX: SEE CHART GET CHAIN FIND STRATEGIES
The Nasdaq has halted trading because of technical problems in a highly unusual move but now says that it will reopen "at a time to be determined."

At 12:25 p.m. ET we were notified that trading was being suspended at all Nasdaq options markets. The outage has been in effect for an hour as of this writing.

It is the latest of a number of technical issues that have occurred in the option markets since Monday. The week began with highly publicized bad trades from Goldman Sachs on Monday, followed by some unusual action involing the CBOE Volatility Index and VIX futures settlement for August contracts yesterday morning.

Regardless of what is causing all these problems, the situation will clearly do little instill the already-shaken public confidence in the markets.
Share this article with your friends


OptionsHouse

Premium Services

Upcoming Webinar:

Using Options For Income

http://bit.ly/1nY1OKA

Jon Najarian and Adam Mesh of Options Wealth Machine discuss a detailed strategy utilizing credit spreads to generate income, and how any level of trader can use this simple trading technique.

Education & Strategy

Sweet Spot Exceptions

As discussed last week, when using the Stock Replacement Strategy to replace a stock position to trade direction, we want to use an option that has very similar characteristics to the stock. We talked about using the deep in-the-money, 80 to 85 delta option that is similar in the Greeks and has relatively little extrinsic value which tends to work against us in stock directional trading.

View more education articles »