I closed 1 lot(s) $CDNS 20240419 280.0 PUT$ ,Closed my position manually on expiry today. It's possible that it could close the day ITM n that would mean a loss. I made it out quick at breakeven.
I closed 1 lot(s) $BLK 20240621 590.0 PUT$ ,Decided to close out my position. Feels like the market can keep going lower so I should close out this bullish position for now and bide my time. Will revisit this again.
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.