Dismal's Smacks

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Good day!

I believe MOASS is an unstoppable force (gamma ramp) meeting an immovable object (DRS'd shares).

Before I go any further, this is not a post encouraging anyone to mess with 0DTE options or options in general. Rather, this is a recap of a tool being leveraged to suppress volatility and the implications of it being out of control to the broader market. Sources for this

good day!

MOASS Prediction: October 24, 2023 (a Tuesday).

* Today, the NSCC approved Enhancements to the Gap Risk Measure & the VaR Charge. * VaR tinkers with the mechanics that would have defaulted Robinhood & Others 1/28/21. * The NSCC, previously saved them by sacrificing retail, in allowing Robinhood and others to alter their margin charges and freezing the

Novel Activities Supervision Program

The Fed provides additional information on its program to supervise novel activities in the banks it oversees.

Novel activities include complex, technology-driven partnerships with non-banks to provide banking services to customers; & activities that involve crypto-assets, stablecoins & blockchain. Wut Mean?: * The Federal Reserve has launched the Novel Activities Supervision Program to boost oversight of new activities by banking organizations. * The focus is on activities related to

NSCC APPROVES Enhancements to the Gap Risk Measure & the VaR Charge. VaR tinkers with the mechanics that would have defaulted Robinhood & Others 1/28/21.

The NSCC, previously saved them by sacrificing retail, in allowing Robinhood and others to alter their margin charges and freezing the buy button. Reddit Post

NSCC APPROVES Enhancements to the Gap Risk Measure & the VaR Charge. "should help NSCC better protect against more idiosyncratic risk scenarios in concentrated portfolios than the current methodology"

"Idiosyncratic" used 12 times... on characteristics that indicate that such ETFs are more or less prone to the effects of gap risk events, thereby providing more accurate coverage of the potential exposure arising from such positions. Wut Mean?: * NSCC handles clearing, settlement, risk management, and guarantees completion for

Household Debt and Credit 2023:Q2

New York Fed: Total Household Debt Reaches $17.06 Trillion in Q2 2023 (increased by $2.9 trillion since the end of 2019); Credit Card Debt Exceeds $1 Trillion for the first time. The Debt Time Bomb is Ticking...

Notice how Student loans is artificially suppressed? Wut mean?: 1. Credit Card Balances: A notable increase of $45 billion to a record $1.03 trillion, along with a rise in credit card account limits to $4.6 trillion. 2. Mortgages: Balances remained steady at $12.01 trillion. Mortgage originations, including

over $2.59 billion in penalties for unapproved methods of communication & recordkeeping.

Since December 2021 CFTC & SEC have brought 48 enforcement actions & ordered over $2.59 billion in penalties for unapproved methods of communication & recordkeeping. SEC: "we know that other SEC-regulated entities have committed similar violations".

When will they realize fines are not a deterrent? SEC Charges 11 Wall Street Firms with Widespread Recordkeeping Failures and agreed to pay combined penalties of $289 million. Wedbush Securities, Houlihan Lokey, SMBC Nikko, SG Americas, Moelis, Wells Fargo, Mizuho, BMO, BNP Paribas CFTC Alert! CFTC Orders BNP Paribas ($75m)