I think I trade OTM options better when I’m drunk and I genuinely don’t know what to do with this information anymore.
Last Friday NVDA closed around 206 after another stupid AI rally and every headline was basically “yeah valuations make no sense but it’s still going higher anyway.” I was like 5 fucking whiskey deep eating cold leftover fried rice at 1AM and opened Robinhood because apparently that’s what financially responsible adults do now. Total position was like 5k.
I wake up Monday hungover thinking I probably donated money to Citadel again and somehow NVDA opens around 211 and those contracts were over 1.30.
Then sober me watches market videos. Sober me reads macro threads. So by Wednesday I convince myself NVDA obviously can’t keep squeezing after the run it already had and I roll most of the gains into deep OTM 190 puts expiring this Friday. Bought them around 92 cents. Then absolutely nothing happened.
NVDA barely dipped. IV died. Theta started executing me publicly every hour. Contracts slowly collapsed from 92 cents to like 17 cents while I stared at my phone pretending “the real move happens tomorrow.” Sold almost the bottom Thursday afternoon right before the stock bounced again because of course it did.
I literally turned a winning week into instant noodles because I temporarily believed I understood macroeconomics.
The worst part is drunk me somehow trades better because he doesn’t overthink anything. Drunk me sees green candles and goes “nice.” Sober me starts watching fake news media to make short term bets.
At this point I’m honestly considering replacing TradingView with fucking whiskey.