I opened $Adobe(ADBE)$ ,Massive plunge by Adobe today after earnings. Best on earnings and revenue but plunged after revenue guidance was lower than expected. Smart move by the company. They are starting a new stock buyback program. By guiding lower, they can temporarily push stock price lower so they can buy back at a cheaper price. This dip is a great buying opportunity in my eyes.
Don't just buy the dip blindly. Make sure it's a good company n good stock in the first place, and it will still be a great company in 10 years. Next is to find out the intrinsic value of the company. Don't buy when it's overvalued. Buy only when it's cheaper than its intrinsic value. Next is to time your buys. Look for areas of support to buy cos that's where the stock might bottom and rebound. If it's a great company like Apple, Nvidia, it will surely rebound in the future. Just look at those who bought Meta, Amazon, Alphabet, Microsoft during the bear market in 2022.
I opened 3 lot(s) $PLTR 20240119 26.0 CALL$ ,This is an easy trade for me. I have 300 shares of Palantir and I'm selling these covered call options to earn the premium. It's only a small trade but every little bit counts. I picked an option trade with Delta less than 0.05 so that the chances of being exercised is small. I picked an expiry of about a month away so that it's easier to manage. I think the market is overextended and it's unlikely PLTR will reach the price of 26.0 within a month. Even if it did, I would gladly take profits on my positions and await a pullback to buy in again.
I opened 3 lot(s) $YUMC 20241220 45.0 PUT$ ,Sold put option to earn premiums. Putting my faith in the policy actions of the CCP and the recovery of China going forward
I closed 1 lot(s) $SPY 20231229 410.0 PUT$ ,The other leg of my bull put spread, closed at expiry. I sold the 440 put option and bought the 410 put option. As long as SPY doesn't drop below 440, I was sure to earn all the premium difference. Did this trade during the pullback in October and I'm very happy with the outcome π
I would suggest having at least 20 stocks, with each stock having an allocation of 5% for a start. If one of these companies go under, you won't lose more than 5% of your capital. Think about lasting the marathon first before you think about your first pot of gold.
I opened 2 lot(s) $GOOG 20241227 165.0 PUT$ ,Sold put option to earn premiums. Alphabet is definitely a long term buy for me so why not earn premiums on them and use the money to buy more of their shares?
I opened 1 lot(s) $ELV 20250620 360.0 PUT$ ,Rolled this option as price keeps falling. But I have faith in them, they will recover. This is the new option that I opened.
I opened 1 lot(s) $ADBE 20250131 430.0 PUT$ ,Sold put option on ADBE as I believe the plunge is just an overreaction and the stock price will find support at 430 and recover from there
I opened $iShares Core S&P 500 ETF(IVV)$ ,Started auto invest plan on IVV in order to use the cash vouchers given. My order went thru but the vouchers were not used. Need to check with CS what's wrong.
I opened 2 lot(s) $MSFT 20241227 375.0 PUT$ ,Sold put option to earn premiums. Making premiums off then and using the money to buy more of their shares. This way, I can buy their shares even when I don't have the cash.