SPCE / SpaceX Option Chain shows a bleak manic episode

Look, I like numbers so you can call me regarded but I have been tracking the SPCE option chain... https://preview.redd.it/kxq4vsappp4h1.png?width=1828&format=png&auto=webp&s=32ebefc5fe355c345663121940e73aea6f4ecbc8 IV was 200% on Friday and popped 50% to 300% today - and yes, IV currently is in 100% percentile (since when I started tracking it's just higher IVs every day). MMs finally got the go ahead to open the option chain to $15 for all expiries - the sharks see blood and yes it's not looking good for us fish. Massive volume on $11 6/18 expiry - apparently folks on Robinhood think we will blow past $10 over the next 2 weeks - SpaceX IPO 6/12 I believe. In light of these "diamond hands" (wtf does that even mean) - there is also a buildup of puts - notably at the $5 strike and even $2 - which is arguably the "fair market value" of Virgin Galactic. Anyways, I am not a rocket scientist so this analysis may all be nonsense.