JNguyen : I have a Key Level for Goog at 160-161 level, so hopefully it can rebound there 🥹

JNguyen : An IV flush/crash happens when the implied volatility (IV) of an options contract drops significantly. IV measures the market’s expectations of future price movement, so when IV is high, options premiums (prices) are inflated.
When IV drops quickly (the “flush”), the value of the option decreases—even if the stock price moves in your favor. This can result in losing money on the option, even when you’re “right” about the stock’s direction, because the drop in IV reduces the extrinsic value of the option.
Example:
Imagine you buy a call option on a stock before an earnings report. The option is expensive because IV is high—traders expect big movement after the report. After the report, the stock moves up slightly (a good thing), but the IV drops because the uncertainty is gone. This IV drop (flush) reduces the value of your option, and you might end up losing money despite the stock moving as you predicted.
I hope that helps.