Everytime I've bought PUTS its been a losing proposition; Kodak and Beyond Meat (don't want to talk about it). So, I made a hard and steady rule for myself, no more buying PUT options. Instead, just find high quality companies I want to go long on. It's much easier to pick winners than trying to predict losers and the timeframe. I am a big opponent of shoring and buying PUT options.
Want to give it another chance with $TLRY and $CHWY? :D They’re both heading down but you might still (or might not) lose money if the option’s market has already anticipated and priced in the drop. You might also still lose money if IV decreases.
