May 14, 2021
The positions in this portfolio are incredibly risky and extremely volatile.
No one at Get Irked is a professional financial adviser (or a doctor), so consult with your own financial adviser to see if any of these positions fit your risk profile (and stomach).
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The Week’s Biggest Winner & Loser
Palantir Tech (PLTR)
Despite reporting a stellar earnings report, Palantir Technologies (PLTR) had an extremely volatile week, bouncing all over the place before finishing the week up +1.67% and earning itself the spot of The Week’s Biggest Winner.
Virgin Galactic (SPCE)
Virgin Galactic (SPCE) continues to be a spiraling mess of a Raging Dumpster Fire in Space, crashing another -17.49% this week after a selloff in speculative tech combined with SPCE’s founder selling most of his position, the cancellation of a test flight, and… wait for it… financial irregularities. That’s a resume for The Week’s Biggest Loser if I’ve ever heard one!
Target Position Size
Current Position Performance
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($33.69)*
Airlines ETF (JETS)
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: $4.87
Carnival Cruise (CCL)
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $4.30
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$142.16)*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: $22.00
Virgin Galactic (SPCE)
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$18.87)*
Tradeweb Mkts (TW)
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: -($128.20)*
1st Buy: 3/12/2020 @ $76.94
Current Per-Share: (-$0.07)*
General Electric (GE)
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: -($1.01)*
Grow Gen. (GRWG)
1st Buy: 10/30/2020 @ $16.04
Current Per-Share: $27.12
Uranium ETF (URA)
1st Buy: 2/23/2021 @ $17.97
Current Per-Share: $17.97
1st Buy: 1/29/2021 @ $52.97
Current Per-Share: $51.50
1st Buy: 2/12/2021 @ $31.50
Current Per-Share: $24.42
SPY Put Spreads 6/4
Current Value: $0.505
* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Total Profit / Original Capital Investment
Recovery Speculation Basket
What is the Recovery Speculation Basket?
The Recovery Speculation Basket (“Recovery Spec”) represents stocks that will thrive if vaccines are released quickly and we return to normal but have the likelihood of collapsing if more lockdowns occur. These positions are too speculative to have their own allocation and share a single allocation.
Currently, my Recovery Spec stocks are as follows: the Airlines Exchange Traded Fund (JETS) and Carnival Cruise Lines (CCL). They are listed as a single allocation in the portfolio breakdown chart each week.
This Week’s Moves
Options (SPY Put Spreads): *New Position*
Following the market’s fairly epic selloff on Wednesday and subsequent bounce on Thursday, I decided to pick up some protective insurance against the S&P 500 in the form of put spreads on SPY.
I bought the SPY 6/4 408-405 put spreads, buying SPY puts with a $408 strike price expiring on June 4 and selling puts with a $405 strike price. Each spread cost $99.30 ($0.993 per share of 100 shares) after trading fees and has a maximum total potential of $300 ($3.00 per share, the difference between the puts I bought and the puts I sold), a 3:1 difference thanks to the decrease in VIX (the Volatility Index) on Thursday.
In other words, if S&P 500 closes at or below its low from this week (~$404), I will triple my investment in spreads. Of course, if SPY closes above $408 on June 4, these put spreads will expire worthless.
DraftKings (DKNG): Added to Position
Despite its excellent earnings report last week and more and more states legalizing sports betting in order to make up for revenue shortfalls,
DraftKings (DKNG) continued to come under selling pressure this week.
DKNG dropped through a buy order of mine which filled at $44.50 on Monday, lowering my per-share cost -6.364% from $55.00 to $51.50. From here, my next buy target is $35.10 and I’m considering profit-taking should DKNG retake its all-time high of $74.38.
DKNG closed the week at $44.89, up +0.88% from where I added Monday.
Grow Generation (GRWG): Added to Position
Grow Generation (GRWG) got smacked along with all of the new high-flyers on Tuesday, dropping through my price target which filled at $37.24. The buy order raised my per-share cost +22.94% from $22.06 to $27.12 but also gave me a bigger allocation in this picks-and-shovels cannabis play.
From here, my buy target is $26.25, slightly below my current per-share cost and slightly above a previous point of support. My next sell target is around $82, a target calculated using Fibonacci Retracement techniques.
GRWG closed the week at $39.93, up +7.22% from where I added Tuesday.
Palantir Tech (PLTR): Added to Position
Palantir Technologies (PLTR) broke down before earnings this week, falling through a trailing stop buy order I had in place on Monday which filled at $18.25. The order reduced my per-share cost -4.80% from $25.65 to $24.42. From here, my next buy target is $14.50 and my target to start taking profits is near PLTR’s all-time high of $45.
PLTR closed the week at $20.08, up +10.03% from where I added Monday.
Tradeweb Markets (TW): Profit-Taking
While much of the tech sector was collapsing, Tradeweb Markets (TW) entered deep overbought territory and scored a new all-time high on Monday. As much as I really like the prospects of this company for the long term, I absolutely had to take profits, locking in a sale at $83.44.
The sale locked in +147.60% in gains on shares I bought in the middle of the pandemic selloff at $33.70 on March 18, 2020. Calling a bottom is more luck than skill, but it’s fun to note that Tradeweb’s all-time low during the selloff was $33.23, just $0.53 lower than that buy.
From here, I have no additional sell orders and plan to add back to the position if TW sells off to $67.20, slightly above a significant point of support.
TW closed the week at $83.88, up +0.53% from where I took profits Monday.
Virgin Galactic (SPCE): Added to Position
From financial discrepancies to delayed test launches, Virgin Galactic (SPCE) has returned to its days of being a Raging Dumpster Fire in Space, literally. On Tuesday, SPCE completely collapsed and dropped through a buy target of mine with an buy order filling at $14.30.
Tuesday’s buy locks in +64.57% in gains on shares I sold on January 26 for $40.36. From here, my next buy target is $9.60, slightly above SPCE’s pandemic low from March 2020, and my sell target is near its all-time high of $62.80.
SPCE closed the week at $16.18, up +13.15% from where I added Tuesday.
Want Further Clarification?As always, if you have questions about any of my positions or have positions of your own that you’re curious about – feel free to leave a comment below!
See you next week!
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Disclaimer: Eric "Irk" Jacobson and all other Get Irked contributors are not investment or financial advisers. All strategies, trading ideas, and other information presented comes from non-professional, amateur investors and traders sharing techniques and ideas for general information purposes.
As always, all individuals should consult their financial advisers to determine if an investing idea is right for them. All investing comes with levels of risk with some ideas and strategies carrying more risk than others.
As an individual investor, you are accountable for assessing all risk to determine if the strategy or idea fits with your investment style. All information on Get Irked is presented for educational and informational purposes only.