The Canary is singing louder !!

Risk Reward Multiples for combined Call & Put Spread strategies:

Remember our Canary Signal 10 days ago ? The Canary is singing louder and louder and wants to fly that at least shows us the historic analysis of hedged Option Strategies ('going long Vola'!) where you buy a Call & Put Spread and in this case on a key financial name like Morgan Stanley......

By the way we see the same for OIL, JPM, EWZ (Brasil) which seems like the play of choice for the Hedgies to play the summer and also in  FXI, WMT, XLF....