Credit here has to justify the gap risk — and it doesn't. A 5% drop on a 100% IV day sounds juicy, but the chart shows a clear uptrend just hitting a speed bump. The Doji suggests indecision, not capitulation.

The real problem is the premium. To get a decent credit-to-width ratio on a narrow spread, you'd have to sell a put so close to the money it's practically naked risk. The math says you're being paid pennies to insure against a breakdown from a key level.

Wait for either a deeper pullback to a defined support floor or for IV to spike even higher to juice the premium.