Bloom Energy Trade Idea

Bloom Energy has gone from $55 to $280 in a year on the AI infrastructure story. It's down today with an IV rank of 72 and monthly implied volatility over 120%. That means the options market is pricing in a stock that can double or go to zero inside of a year. The trade is a 1x2 put spread: buy the 165 put, sell two 150 puts in July, for a $1.50 credit. POP sits at 95% and the break-even is around $135.