WOW, I just got $1.64 for June $85 Puts. $1.64 / ($83.36 effective cost basis if it hits me @$85) = almost 2% for 72 days of "insurance". This all assumes ABNB doesn't go down to $85 by June. Basically getting 10% annualized (2% in 72 days = 10% Annualized) to insure ABNB against an additional $28 drop. Is ABNB really going to plunge 25% ($28 / $113) in the next 72 days..? Not likely. If it does I'll take it at $85 or technically $83.36 given I pre-collected the $1.64 today. I wish I could do 1000 shares, but a few hundred makes for nice income over 72 days. 10% premium (Annualized) to protect against a 25% drop is crazy. ABNB is NOT AMC. Someone is paying a lot of money for the insurance, I guess I'll sell it to them.

They have nearly $10B cash, $2.5B debt and have crushed earnings the last 4 quarters. P/E at $85 would be 25.5 for a company growing at 15% or better.

Those puts are EXPENSIVE, sell them if you can. Even a June $90 or $100 is a good deal. $Airbnb, Inc.(ABNB)$