Yes, I'm serious. I loaded up on more $46 put options with May expiration. So you know I'm putting my money where my mouth is on this one. DDD has a very violent and volatile history. When it fails to make higher highs, it is punished. When I saw yesterday's sell off, I bought $46 puts. When I saw it bounce of $50 5 times this morning, I tripled my stake in $46 puts.
Obviously I'm not a fortune teller, but I just feel the risk/reward is quite worth it. It is not showing bearish signs per-say, but rather over-exhaustion. And the likelihood of seeing sub $44 levels today, tomorrow, and/or Friday is a great reward considering you can nab these puts now for $0.50 each.
I'm a long time DDD bull and I think it will do well, but I've just seen so many violent downward movements for relatively little to no reason. It is in a phase right now where it is looking for a fair value and/or direction, but it can't find it. It is moving way too much, up and down. So by that logic, we very well might see $54 by Friday as well. I considered grabbing $50 or $51 calls as well to form a straddle, but I am just simply leaning to the downside on this one today.
Either way, I think the options are underpriced relative to the movement potential DDD will have in the next few days.