### Comment:
That's when you sell some spreads my man. If the premiums are that nuts, sell the further OTM put and buy the deeper ITM put and collect on the spread. It's easy money. I did it a little with Tesla, but with the way that price swings I got nervous and ducked out. If you're confident, it's super worth. You can easily double up every month if you're right, even on relatively conservative spreads.

### REPLY:
Believe me I’ve tried, but it’s tough to push a spread trade through.  And to go long an OTM put spread costs about 80% of the difference in strikes so at that point you need to be right about the trade 80% of the time for it to profit.  I don’t see how anyone can project that kind of confidence when the stock is a “big announcement” or partnership away from running up again.

### END.