Sure shorting it longterm has been "money" but can you outlast the temporary spike and remain liquid? It's going to be a war of attrition here for a few weeks and not getting margin called should be considered an accomplishment. Steep backwardation could set in and push this higher than you imagined possible only weeks ago. I just don't understand why someone would want to go short right now. Why not wait until the 1249-1255 battle for the s&p and world becomes clear(er)?