Sep. 1 at 8:04 PM
$SLN while this is not traded on all brokers as stock the options are available...gained here before from a previous spike playing options on the expected downside. making similar case again. there is unusually high implied volatility on the downside puts, although kind of show i have seen here before. September OTM puts reaching ~790% IV, while October also shows extremely elevated downside IV. This doesn’t mean the market is predicting a specific price—it means downside protection is extremely expensive, suggesting traders are pricing significant tail risk into the September/October expirations. If selling of some of those shares from last months offer starts, the options structure suggests the potential for a sharp, nonlinear move lower rather than a normal gradual pullback. watch for 12.50 over the next 2 months and play caustiously
glta
