[dedup-flagged] The selloff looks dramatic until you see it's just a retreat to the 50-day moving average after a 27% run. That's a logical place for a bounce, and the 85% IV is rich enough to pay us for the risk. The chart shows this $30-$31 zone as a prior consolidation area, offering decent support.

I'd sell the 30-strike put and buy the 28 for a defined risk spread. That's a $2 wide structure, and we're targeting a $0. 60 credit, giving us a 30% return on risk.

The math works, but the safety score is low, so keep it small. A decent setup if you believe the uptrend is just pausing.