Everyone is short for the lock up $SPCX which may be the right play but sometimes they position too aggressively ahead because it's working so well and 'free money' ... and don't really have a plan for the bounce leading into it if it does a second, third and fourth swipe. And, you have to imagine the banks are fully hedged ready to accumulate lock up shares as their cover hence the high short interest.
View on X ↗