Your decision to buy the stock once it falls to 24 has nothing whatsoever to do with the options trade. You could have elected to buy the stock at 24 without doing the options spread and that way you would have saved yourself a 50 cent loss plus commissions on the options.
You also might want to rethink your idea that a dividend paying stock will not tank in a bear market. I would suggest you see how well dividend paying stocks did in the 2008/9 sell off. Here is a hint they tanked just like non div or low div stocks.
Sorry but selling a vertical put spread in no way allows you to buy stock below the market. In fact when we read both your original post at the top of this post and the above quote which is a later post of yours, your two posts are in contradiction to each other.
In your first post youâre talking about buying stock below the market and not losing on the options trade. In your second post you are taking the loss on the options trade and buying the stock at the current market price. The fact that the stock is below some price in the past is meaningless since you canât trade on past prices.
No offense but your facts are grossly wrong here and the decision to buy a stock once its fallen from a previous price has no bearing a vertical put spread you previously sold which may or may not be a winner. Most importantly none of the trades you discuss except for buying the stock outright will have anything to do with a dividend play.
