Risk Disclaimer

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).

Palantir Tech (PLTR)

Palantir Tech (PLTR) remains a black box growth tech company, and in an age of debt ceiling crisis and increasing interest rates, tech and growth are persona non grata. Accordingly, Palantir got slammed -14.81% this week, landing itself as the Week’s Biggest Loser.

SPY 436-433 9/30 Put Spreads: +9.97% Gains

When the markets sold off on Tuesday, my 436-433 put spreads expiring Thursday flipped from being worth down more than -75% last week to profitable, and I decided that I just don’t have the stomach for options trading, closing out the position with a gain of +9.97% after commissions.

While the options would continue to increase in value should the market continue to sell off as it looked like it wanted to do, I just can’t wrap my head around how much options trading feels like gambling. If the market bounced and SPY closed above $436 on Thursday, my options would have expired worthless.

Once again, I’m sitting myself in the penalty box for awhile before trying options again, even if this trade did end up closing out profitably.

Put Spread Cost: $0.973
Put Spread Selling Price: $1.07
Profit/Loss: +9.97% 

Tradeweb Markets (TW): Added to Position

When it comes to investing or speculating, it’s always important to know when you made a mistake. In my case, my mistake was selling Tradeweb Markets back on May 10 for $83.44. I rectified this mistake by buying back the shares I sold on Monday when my buy order was triggered at $82.53, a discount of just -1.09%.

Why did I buy the shares back? TW is an excellent company that’s demonstrated unbelievable resilience. Plus, even after the purchase, my per-share cost is still negative at -$23.60 meaning each share in the position adds $23.60 to the portfolio’s bottom line in addition to the value of the share.

From here, my next buy target is $66.65, a past point of support and I have no sell targets for the position at this time.

TW closed the week at $81.97, down -1.76% from where I added Monday.

Wendy’s (WEN): Added to Position

Wendy’s (WEN) came under selling pressure along with the rest of the market on Tuesday, triggering a buy order of mine that filled at $21.88. The buy lowered my per-share -2.87% from $26.46 to $25.70.

From here, my next buy target is $19.03, above a past point of support, and my next sell target is around $29.50, Wendy’s recent high.

WEN closed the week at $22.30, up +1.92% from where I added Tuesday.