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| snappyfrog 753 posts msg #162129 - Ignore snappyfrog |
4/17/2026 10:07:52 AM Those of you that trade options. Parabolic moves like this don't last. Would you consider buying puts on this and at what strike price?  |
| xarlor 646 posts msg #162131 - Ignore xarlor |
4/18/2026 12:35:46 AM I normally don't purchase options as I would rather write them. If you're certain of a move down and want to go long put, then make sure you do it 45+ days out. Otherwise, you're going to start losing a lot of value once it hits the 30 day mark. Looking at the option chain, buying a put right now is ridiculously expensive due to implied volatility. If I were playing a downward move here, I would sell to open a short call spread 30 days out or lower, with the short strike at 16 delta (approx 1SD). Closest we can do is either SELL -1 VERTICAL CAR 100 15 MAY 26 660/670 CALL @2.15 LMT for $785 at risk or SELL -1 VERTICAL CAR 100 15 MAY 26 650/670 CALL @4.50 LMT for $1,550 at risk. On the latter, so long as CAR is under $654.50 by 05/15/26 (currently at $493.86), you win. If it's under $650, you pocket the entire $450. Of course, industry practice is to close when premium drops 50%, not hold to expiration. |
| snappyfrog 753 posts msg #162132 - Ignore snappyfrog |
4/18/2026 8:55:30 AM Yes, I agree with you. Just buying the option, a person would get hit with volatility crush at some point. Like you, I sell (write) options, with only minor plays buying options. You just know this is not sustainable. |
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