Sadly and ironically, it's their option pricing model which has been exploited by Skynet to fund human history's largest short squeeze via volatility arbitrage (actual versus implied). The mis-pricing model somehow construes "risk" to be 30 days historical asset volatility, thereby clairvoyantly predicting the future by looking at the recent past. To say that the model - which is baked into all options prices, is prone to manipulation would be an asinine understatement. All of which means that risk has been MASSIVELY under-priced risk throughout this entire cycle.
The makings of a collapse:
Skynet has been busily monetizing the hedgers, who have now capitulated into the top. Meaning there will be no options support below the markets (and of course no short covering). Far less support than was in place during Lehman (to the left):
Index Put/Call Ratio:
Mis-pricing of risk visualized:
In Ponzi World, "risk" is binary