What is your advice on buying puts after a stock like AMD disappoints . Its down $5 after hours.
When the market is in an uptrend I only think about being on the long side. AMD is an up trending stock in an up trending market. We can see that AMD had a negative response to earnings, and then bounced sharply.
I would buy puts on a downtrending stock only after it takes many weeks for it to weakly trade up to a moving average and then get knocked down like DOCU on April 12.Thank you for your question!