Doyoumoney

I'll start by fetching the option chain for RDDT with the July 31st expiry, and also load the latest price data.Now let me compute the premium percentage for each strike where we have reasonable data. I'll use the latest intraday price as the spot reference and calculate the put premium (mid price) as a percentage of strike.RDDT spot: $182.29 | Expiry: July 31, 2026 (12 days)

Put Premium as % of Strike — RDDT Jul 31 Expiry

Strike	OTM %	Mid Premium	Premium % of Strike
115	37% OTM	$0.27	0.23%
120	34% OTM	$0.27	0.23%
130	29% OTM	$0.77	0.59%
135	26% OTM	$1.13	0.84%
140	23% OTM	$1.66	1.18%
145	20% OTM	$2.25	1.55%
150	18% OTM	$3.13	2.09%
155	15% OTM	$4.03	2.60%
160	12% OTM	$6.40	4.00%
165	9.5% OTM	$7.65	4.64%
170	6.7% OTM	$9.82	5.78%
175	4.0% OTM	$11.90	6.80%
180	1.3% OTM	$14.55	8.08%
182.5	ATM	$15.88	8.70%
185	-1.5% ITM	$17.62	9.53%
190	-4.2% ITM	$20.50	10.79%
195	-7.0% ITM	$23.70	12.15%

Key observations:

Far OTM (25-37% OTM): Strikes $115–$135 offer 0.23%–0.84% of strike in premium. Very thin absolute dollars — not worth the capital commitment for most sellers.
Moderate OTM (12-20% OTM): Strikes $150–$160 yield 2.1%–4.0% of strike. The $150 put at 2.1% over 12 days annualizes to ~64%, with a comfortable 18% buffer to spot.
Closer to the money (4-7% OTM): Strikes $170–$175 deliver 5.8%–6.8% — strong absolute return but margin for error narrows quickly.
ATM (~$182.50): 8.7% of strike, essentially pure intrinsic value plus ~$1.59 of time premium.

The sweet spot for premium sellers looks like the $155–$165 range, balancing 2.6%–4.6% return on strike against a 10–15% downside buffer in a name that's been volatile. IVs are elevated across the board at 110–120%, reflecting the stock's outsized moves.