The selloff looks dramatic until you see the 77% IV and realize the market is already pricing in chaos. The chart shows a stock that's still up 11% in two months, so this is a pullback within an uptrend, not a breakdown. However, with a 4/10 safety score and a cautious regime, the risk is that this is the start of a mean reversion, not the end.

A 5-7% OTM put spread would offer decent premium, but the credit-to-width ratio would be thin given the wide bid-asks typical of this IV. I'd need to see a clear hold of a key support level, like the $33. 50 area from late September, before selling puts into this volatility.

Wait for the dust to settle.