[dedup-flagged] The chart shows a stock that's been on a parabolic tear, up 83% in two months, and this -5. 67% drop is a mere blip against that backdrop. The trend is still violently up, so any put spread is fighting gravity.

IV is 100%, but that's rich for a reason—it's pricing in continued fireworks. The Doji reversal signal is cute, but with safety at 7/10 and the regime favoring caution, we're selling cheap insurance on a rocket ship. Structure-wise, a 5-7% OTM put spread yields pathetic premium relative to the risk of a momentum unwind.

The math doesn't care about the doji; it says you're not getting paid for the real risk.