Remember 2 things: Am buying tons of CALLs on any dip & dont mess w/. Feb Options
Feb options expiration is less than 2 weeks away. MMs have evolved big time. Even if stock is severely overpriced and due for huge huge correction, even then, if MMs hang the stock sideways until Feb Options expiration, your PUT options will expire worthless and then they may drop this by even $50 and you will still end up losing big.
So dont mess with Feb options. March or April options is the way to go for now. oh and buying those CALLS intraday to ride it a buck or two in options premiums. that goes a long way.
scalp the baby to the upside. do you really care how overpriced it is when its getting more & more overpriced every single day?