Since there presumably is some elevated IV in Teva options compared to norms
I can't say I have followed this so that I can make a comparison to historic IV's. IV's are in the low 20's for both puts and calls near the stock price for June and July. Not elevated to any degree apparent to me.
It is astonishing what foolish things one can temporarily believe if one thinks too long alone ... where it is often impossible to bring one's ideas to a conclusive test either formal or experimental. J.M. Keynes