Until yesterday, I was too nervous to short NVDA, since it was such a Hercules in the market. There comes a time, though, when the assumption that AI is going to take over the world, and the P/E is measured in the hundreds, that it becomes irresistible.
Thus, I have gone from being too afraid to touch it to making it one of my biggest positions out of 28 of them. I am long July $290 puts in a big way.
Here’s the longer view.
I’m going to do NO TRADING today, and there’s a good reason. I have no money left. Every penny is committed. So now we wait.
