Corporate Media: "You wanna tell me about your plan?" RCEO: "No... No I don't think I will"
Inspiration for this meme:
https://x.com/ryancohen/status/1709785201763582158
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Open for comment: FINRA proposes to add new paragraph (โProtected Optionsโ) to FINRA Rule 4210 (Margin Requirements). Appears to exempt if a long call offsets a short put?
Below is the text of the proposed rule change. Proposed new language is underlined; proposed deletions are in brackets:
Wut Mean? (I think):
My understanding is there are 2 options plays that require margin, sold puts and sold calls. ย
A sold put means that you need to have margin for
Fed Governor Michelle Bowman: "more than 65 percent of banking markets, as currently defined, would be considered noncompetitive or "concentrated" in the language of antitrust"
Highlights:
* "In our current analytical framework, more than 65 percent of banking markets, as currently defined, would be considered noncompetitive or "concentrated" in the language of antitrust, yet the intense competition for banking products and services has only grown, principally from nonbanks. We need to reconcile that.
NSCC Alert! New Haircut schedule will be published in the Federal Register 10/4/23 & effective within 60 days. Why? IDIOSYNCRATIC RISK!
"Haircuts"
Recall, it was on 9/22 NSCC submitted to update the definition around "Haircuts":
This is a whopper of a statement:
* "Through its review, NSCC has observed that under volatile market conditions with elevated frequency and magnitude of securities price movements, the collateral value
Vice Chair for Supervision Michael S. Barr: "I expect that the full effects of past tightening are yet to come in the months ahead."
Highlights:
* "I am squarely focused on our dual mandate to promote maximum employment and stable prices for the American people. I strongly agree with the point that Chair Powell has made often, which is that without price stability, the economy does not work for anyone. Price stability is crucial
September 2023 Senior Credit Officer Opinion Survey, special questions about trading of zero-days-to-expiry (0DTE) options: "Two-fifths of the dealers do not collect margin on 0DTE options."
Highlights:
* Approximately two-fifths of dealers, on net, reported that they had increased the resources and attention they devoted to managing their concentrated credit exposure to other dealers and other financial intermediaries over the past three months--highest since June 2020.
* Approximately one-fourth of dealers, on net, indicated increased funding demand for
Inflation Alert! In August, the purchasing power of $100 in January 2000 dropped to $55.10 (-$.10 from July).
Zooming in:
CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor!
* August 2022 purchasing power of $100 in January 2000: 57.1 (down -3.5% in purchasing power in the last year!)
* August 2021 purchasing power of $100