SPCE → $2.47 by Aug 31, 2026.

I've enjoyed watching the SPCE rise and fall from the sidelines. I was thinking about getting $2.50 strike puts for 0.05 Friday morning as it was taking off, but the IV approaching 240 at the time dissuaded me. Now, that the momentum flipped and the stock has taken a tumble, I noticed the same puts up to 0.06 with IV of 220. Correct me if I'm wrong, but IV crush typically applies for *known* event (like earnings). If the share …