I bought what I thought was the dip twice. It didn't work. I sold puts, wheeled in and out of $155 (because I got assigned) and only made something like $822 in premiums. I held onto the losers and quadrupled down when the $125 puts were assigned to me, drastically lowering cost basis. I even went out of my way to buy vertical spreads when it crashed hard. I now hold 800 shares (covered by 8 $140 calls), 10 $130/$150 spreads and 22 $120/$150 spreads. Earnings is coming up on June 4. If it recovers enough for the shares to be sold at a slight loss on June 5, I will also sell the spreads to save myself from theta. And no, I don't have confidence in the long-term recovery of the stock.
