What months and strikes are you looking at for SI Puts ???
I did a quick look earlier today then just came back to it.
I found little "open interest" until you get to Dec. SIZ11.
THEN .... things get interesting !!!!
OK, 214 days to expiration, SI closed at 46.081 (siz11 last)
A lowly way OOM put for an 18P is going for $285 today !
A 45put is going for a "mere" $23,545 today !!
I am clearly "no expert" in options, but "my take is" someone paid $285 for the "honor of owning" that Dec. 18Put !!
I certainly don't know the "ins and outs" of this, but something is telling me that there are those out there that are betting "more than pennies" on SI re-visiting $10 before it visits $100 !!!!