Subject: File No. S7-24-15
From: Vladimir Blagojevic

February 19, 2020

To Whom It May Concern,

I am a retail investor, and I use volatility ETNs VXX and UVXY to gain exposure (via options) for short volatility trades. Although these instruments are not for average retail investors, they are instrumental in my overall trading strategy. Please do not regulate them as proposed by #S7-24-15.

Best regards,