DRAM Short Put — Jul 17, 2026

DRAM (DATARAM CORPORATION COM) presents a short put opportunity with very elevated implied volatility. IV Rank 111. This setup favors net premium sellers.

Sell the $55 put for $2.06 credit. Naked single-leg exposure; collect premium from time decay if DRAM stays above the strike. Underlying ~$69.22, 24 DTE. Max profit $206 per contract, max loss $5295, 3.9% return on risk, 85% POP. Breakeven at $52.95.

Management: take profit at ~50% of max profit ($103). Cut at 2x credit ($411 loss). If short strike is breached with > 14 DTE, consider rolling out for a credit. Close before expiration week to avoid gamma risk.

Underlying: DRAM @ ~$69.22 Expiration: Jul 17, 2026 (24 DTE) Legs:

• Sell DRAM Jul 17, 2026 $55 Put (delta -0.15, mid $2.06)

Use limit orders at the mid or slightly worse. Verify bid-ask spread (currently ~4.4% of mid) before sending.

Take profit at 50% of max profit ($103). Cut loss if position reaches 2x credit received ($411 loss). Roll if tested with > 14 DTE remaining.