It was the closest thing to a perfect trade I have ever made and I've never felt that way about a single trade before.
You have an unknown event, that leads to a violent move in the stock and options and it all occurs on an a Friday, so I can buy cheap expiring options in size.
And while this trade was available across a large number of Chinese ADRs the one I focused on was Alibaba $BABA
I purchased 400 $BABA 170 puts for $0.30, risking $12,000. This is equivalent to 40,000 shares of short $BABA stock, which is about $7M of exposure.
The best way to describe the feeling was relief.
They can sympathize, but they can't understand.
I still have work to do, and I can grind to get there.