CYA
Simplify Tail Risk Strategy ETF
stock NYSE

Typically to have short positions or uncovered calls, you have to be approved by the broker for margin and high-level options trading. You are absolutely not going to get approved for either at $10,000. Hypothetically there's a ton of us who feel the whole market is overvalued, but when the market is not behaving according to fundamental market theory or rational expectations, it's really anyone's guess as to when exactly the drop will come.
If you've seen the Big Short, you'd be in the phase right now where he's got all his investors screaming because he's slowly bleeding on the swaps...and as the audience we KNOW he's right, but it took a while, even long after he predicted the collapse, for the firms to acknowledge the situation because everyone was in CYA mode. 

I honestly view these as CYA in case something big happens and the orange one starts paying attention.
Honestly, is he *doing* anything to support him other than occasionally tweeting some words?