Rating
3.2 / 5
AI signal
Hold signal
Credit put spread analysis · · Moderate setup
IV Rank
100
Implied volatility percentile
Trend
0.86
Long-term trend score
Safety
5/10
Quality checks passed
Drop
-6.6%
Day 4 of drop
1Y Change
11.8%
Trailing 12 months
Earnings
Clear
No event in window
Earlier analyses
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Structure-wise, this 6.6% flush is a classic overreaction — IV at 80% is rich versus 34.5% realized vol, so we're getting paid for fear. The chart shows a clear floor at $23.50 from multiple prior reactions; that's where…
AI analysis
Options Trader · Sep 9, 2026
[dedup-flagged] Structure-wise, the 6. 6% flush is a gift for premium sellers, but the chart's ugly. It just broke a key support shelf at $26.
50 and is probing the 200-day moving average. IV is screaming at 100% — rich versus the 35% realized vol — so the math pays you to take the risk. The selloff needs to find a floor here; if it doesn't, we're catching a falling knife.
For a defined-risk play, sell the Oct 16 $24 put and buy the $23 put. That's a $1 wide spread, 4% OTM on the short leg, targeting a $0. 30 credit.
That's a 30% return on risk, which clears our floor. It's a decent bet on mean reversion, but only if you believe the 200-day holds. Verdict: A cautious, premium-hunting play.