Volatility will be high, you may still lose money. Investigate IV rank on YouTube. Any 52 week high scanner will find these stocks. Free realtime in IB TWS. www.finviz.com delayed.
You could scan for IV, HV/IV or just top performers for stocks under a certain $ price. Single name stocks that spike up like this also tend to have a spike on IV, which makes options expensive. Single puts might not be the best trade, a spread would be better for what I understand, and trade. I would prefer vertical/diagonal spreads on those, if bid/ask and volumes are ok.
This question piqued my curiosity, so just for the fun of it, I ran a screen looking for stocks I thought might have evidenced this kind of price action over the last 30 days, and here is the list I got...