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To: Wowzer who wrote (148936)	9/22/2008 11:56:39 AM
From: John Chen	Respond to of 306849

"SKF seems to be disconnecting from what it is supposed to track. ". There is no rule/logic behind anything now on that street (wallstreet), just like all TA is outdated. PLEASE DO NOT TRY TO MAKE ANY SENSE. PLEASE LET'S HAVE A MOMENT OF SILENCE.

To: Wowzer who wrote (148936)	9/22/2008 12:22:52 PM
From: tuck	Respond to of 306849

Indeed, it's whacky. Have you looked at SKF options? My chains and streamer show both puts and calls trading down. Either I'm getting bad data (entirely possible), or we're seeing the deflating of a volatility spike. I was short September SKF puts on Thursday, and didn't see the writing on the wall despite all the clues about something this drastic happening on expiration day. So I kept my position and on Friday had to roll them into October puts. They were pretty far out of the money, so I didn't get as much as usual, despite this possible volatility spike that is perhaps now fading a bit. Of course, the widening of bid/ask spreads in the options markets also had something to do with getting less for my rolled write. I still expect to make money with this position, just not as much as I would have before this ban. I think most folks would be happier if Hank had been more proactive and months ago reinstated the uptick rule and had Chris actually enforce the No Naked Shorting rules, along with adding some transparency in this area. But I hear Morgan and Hank's alma mater Goldman were both shorting Bear Stearns into its collapse. Obviously a big source of money for Hank's trading buddies, and one he was loathe to interrupt until it was too late to do anything else. Bottom line, if we are turning our financial system into a socialist one from a capitalist one, I am happy shorting it, now matter how they try to mess up the rules. Because they only delay the inevitable when they do, particularly when they are so behind the curve. End of rant. Anyone else seeing the strange quotes on SKF and its options? Have alternate explanations if it turns out my data feeds are correct? My guess is that the options data is correct but the underlying SKF quote is not, since, as you point out, it's apparently not tracking the way it should. Perhaps it is just as likely the options data is out of whack, too. Maybe this will correct in a few hours or days. Please, Trading Gods, not the whole two weeks (if it's only two weeks)! I don't think I can take two weeks of bad data on my largest position. TIA & Cheers, Tuck