Haha. Yeah, I expect it will never stop. I'm starting to feel like the big guys learned some valuable lessons from the meme stock frenzy (gamma squeezes galore). If they team up on larger securities (e.g. SPX), they can push it higher and everyone wins.  In terms of banks, they are one of the few groups trading at a reasonable multiple, given the risks they are facing with commercial RE and upside down loan structures. KRE might have bounced today, but it looks like it's going to break support sooner or later.  I have a client that is a bank executive recruiter. He says his clients are mostly petrified. 

We probably need some regulation around 0 DTE options and maybe something that reduces the ability to get these gamma squeezes almost on demand...even on the indexes.  It's setting us up for a catastrophe at some point as we get farther and farther from reasonable valuation support.  The amount of notional value built into these trades is madness.  But...I'm not holding my breath. It's a goldmine for the industry and they are signaling more options products, not less or more restrictive.