They would just have to pay the premium that short sellers were demanding. I see your point, but calling it a short squeeze seems odd to me. "Volpocalypse" was

They would just have to pay the premium that short sellers were demanding. I see your point, but calling it a short squeeze seems odd to me. "Volpocalypse" was indeed an unprecedented spike in IV, which the futures market was reacting to. Seems pretty different to me than the classic short squeeze scenarios of GME or Volkswagen.