Not sure what you think the downside is from here but there are plenty of stocks with 1m ATM calls around 4-5%. Hard to see volatility staying this elevated for much longer. Just view it as cutting your delta in half and getting paid handsomely for reducing risk.
Replying to @HayekAndKeynes
Volatility can stay elevated. Take a look at infections of 1918 influenza pandemic. Waves.
10:30 PM - 26 Feb 2020
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