130 put pay $8 premium, even though IV deflated where it was. Stock is 15 bucks from the IPO price, might just wait till it gets there.
The IV metrics still not very clean, since options trading only a few days, there is no history. I mean the options are still expensive, and skew is probably huge. But it's not clear how expensive on relative basis.
PS waited till the end of the day and pulled the trigger. filled at 10.30
I hate this trade :)
But ten buck of premium is ten buck
https://preview.redd.it/sz1gn5385v8h1.png?width=403&format=png&auto=webp&s=0629786e315a080c384ad7075482de04b7bbc5e7