Credit put spread analysis · · Moderate setup
Earlier analyses
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[dedup-flagged] The selloff looks dramatic until you realize this stock is still up 18% in two months and just gave back a fraction of that run. IV at 97% is rich, but it's a permanent feature here, not a fleeting opport…
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The selloff looks dramatic until you realize it's just a reversion toward the 20-day moving average after a parabolic 18% run. IV at 84% is rich, but that's priced-in noise for GME, not a true edge. The chart shows no de…
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The selloff looks dramatic until you realize this is just GME returning to its normal state of high-octane chop after a two-month run. IV at 88% is rich, but that's the only thing paying you here — the chart shows no flo…
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The selloff looks dramatic until you see the 20-day realized vol is half the IV. IV at 94% is rich, but that's just GME's baseline noise tax. Chart-wise, the two-month uptrend is broken, and with no reversal signal, we'r…
AI analysis
Options Trader · Oct 21, 2026
The floor on this chart is the real question: GME is up 43% in two months and just gave back a chunk, but the 100% IV is screaming 'headline risk' more than 'value.' The math is tricky — IV is rich versus realized vol, but the Safety score is a 4/10 for a reason. A 5% OTM put at $23.
50 is tempting, but the premium is thin unless you go painfully wide. A $23. 50/$22.
50 spread might only fetch $0. 30, a lousy 0. 30 credit/width ratio that doesn't pay for the binary event risk.
Wait for the IV to compress or the price to stabilize above a clearer support level; chasing premium in a meme stock during a pullback is a good way to fund someone else's yacht.