PLTR to 40ish then correction

PLTR is on fire lately and clearly overvalued even for PLTR long-term bulls. I believe we hit the psychological level of 40$ and then we see another correction like the previous. I marked the last 3 major corrections and the average correction is just about 29%. A 25% correction would perfectly correct the the prior fib and by then around the 50 week EMA. Since PLTR is a cult stock I can see the dip being bought up aggressively so I will utilize the demand zone I drew for a broader range.

The Play:

As we approach 40$, layer in long puts with a spread 2 month out + 6 month out
I will choose strikes with high open interest