May 2, 2024
As I stated before in my previous email, absolutely no to this rule change! 205 pages of supporting evidence in SR-OCC-2024-001 have been [REDACTED]. If this rule is to ascertain parameters in the OCC's proprietary system for calculating margin requirements during high volatility - why are we not provided with the specific details on how these parameters will be calculated? You have got to be kidding me? You are attempting to pass rules where the rules themselves and the information surrounding them are redacted? If you can't tell me what the rules are, you certainly are not getting my support in changing them! NO, to this rule change! The margin requirements for short sellers that have been caught overleveraged is their problem. -- It's not the games we play that show our humanity, it's the way we play them.