Deep OTM put does not fall although stock is up 40 %

Just watched the puts for SPRT. Stock is up over 40% to $19.70 but the put with $8 strike, expires 10.15.21, does not fall. What´s the reason for that? High implied volatility?

 

IV and LR go higher...

 

they blew up the OTM downside 80 vol handles or so..Coming after the puts..Short interest above 60%..Can the stock be borrowed or do they charge you your first born??

 

With 2 months left on these meme plays that's plenty of time left for it to drop hard.

If they were weeklies those puts will get destroyed.

 

The puts on SPRT are ridiculously high on IV. Even the OCT 15 25 puts are a thousand a contract.

I've not seen this type of short squeeze since GME/AMC back in the day.

 

There were enough short squeezes lately (besides GME/AMC)

 

First trade today of this option was at $1400. Will possible also end there...

 

Well that didnt take long to get in trouble..
Im in the Oct 33-25 16 Split strike fly for a 30 cent credit...

 

im in the dec 39 10 1x3 for like 18

 

18 debit??Thats a gnarly little bugger
Short and good down to 4.5

Im doubling up when my spread goes to 1 credit..Should take about 18 nanoseconds