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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (10124)3/15/2004 8:11:00 AM
From: Louis V. Lambrecht  Read Replies (1) of 110194
 
Russ, Comex does not even have to close up delivery. Comex can elect, for the purpoe of protecting the small investor <ng>, to rise the margins to 100% to be met within 6 hours.
If memory serves, this is how the Hunts were cornered.
All that is needed is to email the few clearing houses and have them call margins.

I occasionally traded options. But even then, never more notional than the cash I could raise to meet a call: what would prevent the exchange to immediately settle the options with futures? Then call for margins.
US exchanges are their own regulating bodies.
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