If it gaps down, don’t get greedy. Sell.

Bull market- I wait for a good size dip and then buy monthlies

Bear market- I wait for oversold and the thought “it cant get any higher” and then wait a week and buy puts.

That is gambling and its hella fun

I also will spend countless hours researching companies and learning them inside and out and buy 6mo to 2yr exp options on them

That is work and is not fun

Its a hobby and all play money but Im always green on the year