Virgin Galactic SPCE T-9 Days to IV Collapse of SpaceX IPO

Look, I am regarded cause I just look at numbers and sentiment, but things look bleak. https://preview.redd.it/dg4vc3odu35h1.png?width=1033&format=png&auto=webp&s=ba58dfbb3e5a0ecbebddc2ed3883802baeec3172 [](https://preview.redd.it/virgin-galactic-spce-t-9-days-to-iv-collapse-of-spacex-ipo-v0-qr4jj3nvt35h1.png?width=1033&format=png&auto=webp&s=d17c095a97a69041807be60272fa5e39d7654034) Activity absolutely dead below the critical $5 strike - remember the 5/6/7 were the critical MM strikes and the longer they're OTM, these bastards are now net seller likely. The only thing providing $4 support as I noted is the puts buildup at the $4 and notably the $2 strike - this is the "fair market value" of this Branson toy company before the spice/name mixup. Support also appears to be provided potentially by bag holders trying to DCA into these OTM strikes - that's just throwing good money after bad. I'd get out before the SPCX IPO 6/12 to avoid full IV collapse (long calls and puts).