Burning Straddles and Sweating Hedgies

Well you guys / gals did it. You successfully, very nearly, blew up the entire financial system. You forced a young boy from Bulgaria and a couple crooked unaccountable wall street institutions to pull the plug and flood the market with synthetic shares to save their yachts.

After the original short / gamma squeeze it should be stating the obvious that catching wall street in this position again is improbable, or at least not going to happen to that degree or with that vector. We have entered into mid game and you need to adjust your thinking in kind. We can still win and the hedge funds are still bleeding because of your diamond hands.

What we have below are the institutional holdings of a select few hedgies. They show massive massive, what I can strongly infer are long straddles with bearish bias.

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