Buying the dip...

Anyone buying the dip?
https://www.cnbc.com/2018/02/02/us-futures-move-lower-as-investors-worry-about-rising-yields.html

 

Wanna see a real head scratcher....?
PG is at 52 week low.
Thats not how its supposed to work. It should be up.
That could be a bad sign.

 

On big down days, everyone sees 'bad signs.'

 

In this market? Pfff... friggin millenials don't know what a bear is. They wouldn't know a bad sign if it hit em in the head.
... Campbell Soup is at a 52 week low too.
I mean maybe its a good sign... no one is fleeing to the safe-haven stocks. I mean they can be down a little, but they shouldn't be hitting 52 week lows. Especially Procter.

 

At a glance the fundamentals look good. Ex-dividend was 2 weeks ago. The analyst don't care for PG. I'll wait a few more weeks, maybe sell otm put expiry late march.

 

Ford is .20 cents above 52 week low. With a 5.62% annual dividend, I may go shopping...

 

I always buy the dip. The question is where is the bottom of the dip ?

 

Next to impossible to call bottom. I leg in by selling otm puts close to 52 week low on mega caps. Assignment is ok, they eventually reverse to mean.

 

Agreed, the bottom hunt is the game. I at times have done the exact otm put strategy, I just make sure I do not commit all my reserves to it, as "Eventually" is sometimes a lot longer than I planned .

 

I only short otm puts on stocks i already own and would like to buy more at 52 week low.