The chart tells an interesting story here: a 39% run-up over two months just got a sharp -5% haircut, but there's no reversal signal yet—this could be the start of a deeper unwind. IV at 72% is rich versus realized vol, but that's the only thing paying us. The problem is the floor.

With a safety score of 5/10 and no defined support until much lower, selling a put 5-7% OTM feels like catching a falling knife. The premium might look juicy, but the risk/reward is skewed; you'd be selling into momentum that hasn't found its footing. I'd need to see this base for a few days and find a clear level where buyers step in.

Until then, the math is tempting but the price action is screaming 'not yet.' Verdict: Wait for a floor.