Here's the risk/reward in plain English: This is a classic 'catch the falling knife' scenario dressed up as a high-premium opportunity. The stock is down 13% in a day, but zoom out and it's still up 102% in two months—this is a violent correction within a parabolic uptrend, not a value zone. The 100% IV screams 'panic premium,' and while selling that can be profitable, the chart shows no established support; we're in freefall territory until it finds a floor.

A 5-7% OTM put would be around $820-$820, but with the stock at $864 and moving fast, that's barely a buffer. The spread width would need to be massive to get a decent credit-to-width ratio, which blows up your defined risk. For a $5 wide spread, you'd need over $1.

25 in credit to hit our 0. 25 floor, and the mid-market likely won't offer that for strikes far enough OTM to be safe. The Safety score of 5/9 confirms the fragility.

My blunt take: the math might pay, but the price action hasn't settled. You're getting paid a lot to take a risk, but you're taking that risk against a momentum stock that's just begun its mean reversion. Wait for the chart to show a base—a hammer candle, a consolidation, something—before trying to sell puts.

Otherwise, you're just hoping the bleeding stops because the premium is juicy, and hope is not a strategy.