Still cannot believe S&P upside stuff in the 6-8M range was so cheap. It made no sense at all back in May. People were pricing that stuff as if the market had zero shot of continuing the rebound. I didn’t believe it would hit either, but when the market is practically handing you free bets you have to warehouse that. FWIW, a lot of stuff have repriced 10-15X and is now very close to ITM. Just insane stuff in all directions this year.