Find stocks that go parabolic out of nowhere, like SNDL. I am not using software that allows me to copy and edit pictures now so I can't post them, but look at SNDL. Then, after they go parabolic, buy puts between the spike and the previous range.
OP I would suggest being careful on who you take advice from Some people in this thread are about to blow their acct up.
If that were true cutting at 15k would not have been a problem considering your premise was wrong. LOL @ that.
I would have a look at put IV first to determine if it makes sense to buy these. During moves out of nowhere put IV also spikes so you would lose a lot more from an IV crush that you'd make with delta. Be careful.
yep during parabolic moves, premiums are highly inflated due to high volatility. the market will be pricing in downward move already, so skew will be crazy. your better bet is put spreads, which are pretty much vega neutral. even then, you might run into dead cat bounce, the option chain may be super illiquid that make it hard to get good fills or get out when you need to.