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"Big Short" Trader Danny Moses Reveals Short Position on GameStop Stock The famed trader called Ryan Cohen a "bad trader" and pointed out the reasons for his bearish thesis on GameStop.

Source: https://twitter.com/CNBCFastMoney/status/1681423000405692416 https://www.thestreet.com/memestocks/gme/big-short-trader-danny-moses-reveals-short-position-on-gamestop-stock TLDRS: * Danny Moses, recognized for his part in "The Big Short," disclosed that he holds put options on GameStop. * He expressed concerns about GameStop's financial health, emphasizing its declining cash reserves and
dismal-jellyfish ๐Ÿ“ฐ News
Proposed Rule Change to Provide Relief Specified Option Transactions under Rule 4210 (Margin Requirements). Introduces a new exception for CME's "protected option" strategy, which applies to short option positions based on the same index option

Proposed Rule Change to Provide Relief Specified Option Transactions under Rule 4210 (Margin Requirements). Introduces a new exception for CME's "protected option" strategy, which applies to short option positions based on the same index option

https://public-inspection.federalregister.gov/2023-15266.pdf * FINRA is proposing to amend FINRA Rule 4210 (Margin Requirements) to provide margin relief for specified index option transactions, known as โ€œprotected options,โ€ and to make other minor conforming revisions with regard to the margin relief. Wut mean?: * The SEC has approved a proposed
dismal-jellyfish ๐Ÿงฑ Market Reform

NY Fed reports US borrowing issues are rising: Rejection rate for credit applications is at 21.8%, highest since June 2018. Probability of loan application rejection has significantly increased across all loan types, reaching new highs.

Wut mean? Credit application rates in the past year have dropped to 40.3%, the lowest since October 2020, with declines in auto loans and credit card limit requests. * However, there was an increase in applications for credit cards, mortgages, and mortgage refinances. The overall rejection rate for credit applications
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

FICC Alert! SR-FICC-2023-010: FICC & CME amend Cross-Margining Agreement. The current agreement lacks a clear requirement for joint liquidation at each Clearing Organization. The amendment identifies joint liquidation as the preferred method for default.

* On July 17, 2023, the Fixed Income Clearing Corporation (FICC) proposed a rule change (SR-FICC2023-010) to the Securities and Exchange Commission (SEC). * This proposal involves an Amended and Restated Cross-Margining Agreement between FICC and the Chicago Mercantile Exchange Inc. (CME). * If approved, this Restated Agreement would replace the current Cross-Margining
dismal-jellyfish ๐Ÿงฑ Market Reform

SEC Alert! Proposed Rule OPEN for Comment to Require Daily Computation of Customer and Broker-Dealer Reserve Requirements under the Broker-Dealer Customer Protection Rule.

SEC Alert! Proposed Rule OPEN for Comment to Require Daily Computation of Customer and Broker-Dealer Reserve Requirements under the Broker-Dealer Customer Protection Rule. SEC also seeking feedback on whether similar requirements should be applied to broker-dealers & security-based swap dealers. Wut mean? * The SEC is proposing changes to the broker-dealer
dismal-jellyfish ๐Ÿงฑ Market Reform
Regulations for Swap Dealers, Major Swap Participants, & Futures Commission Merchants. While it requires compliance with all capital & margin requirements, it doesn't explicitly require policies and procedures to safeguard counterparty collateral.

Regulations for Swap Dealers, Major Swap Participants, & Futures Commission Merchants. While it requires compliance with all capital & margin requirements, it doesn't explicitly require policies and procedures to safeguard counterparty collateral.

CFTC Alert! OPEN for comment Risk Management Program Regulations for Swap Dealers, Major Swap Participants, & Futures Commission Merchants. While it requires compliance with all capital & margin requirements, it doesn't explicitly require policies and procedures to safeguard counterparty collateral. https://public-inspection.federalregister.gov/2023-15056.pdf Wut mean?
dismal-jellyfish ๐Ÿงฑ Market Reform