The sky is falling, the sky is falling! This is what I hear when I see stocks falling. People are afraid of this but I see this as time to scoop up some great stocks at a discount. One of my favorite plays is “Buying” options when this happens particularly Puts.
So here we see IONQ falling but looks like you’ll probably have support near or around the $50 mark. This is where buyers will most likely try to get in as FOMO took them over. I Buy a 38 day PUT at $60 and let the stock fall as I plan on making money in both directions. I own IONQ so I am selling premium and now I am buying the PUT. If your not sure what that is watch this video here.
Click The image to see the chart!