Its a zero sum game I'm always hearing, someone elses gain with those leveraged calls.    Volatility is definetly not dead, a price rising this fast just fits into that theme but it has to pull back by quite a margin to stay a reasonable market which is what I expect.   Its bad news short term perhaps but we require mixed markets to be valid so I remain bullish over the long term and I hope I'm active enough to sell some of the higher prices buy some of the lower prices.