January 7, 2022

 

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).

Get Irked's Speculation in Play - January 7, 2022

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The Week’s Biggest Winner & Loser

Carnival Cruise Lines (CCL)

Thanks to a surge in the hospitality, travel, and leisure sector, stocks like Carnival Cruise Lines (CCL) sidestepped the bloodbath that was the markets in the first week of the new year. In fact, Carnival popped +8.85%, landing itself in as the Biggest Winner of the Week.

GrowGeneration (GRWG)

The cannabis sector continues to come under fire with no Federally-legalizing legislation on the horizon. Hydroponic retailer, GrowGeneration (GRWG), was not exempt, getting slammed for -14.48% to start off the year and earning itself the spot of the Week’s Biggest Loser.

Portfolio Allocation

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Positions

%

Target Position Size

Get Irked - Speculation in Play - Current Holdings - January 7, 2022

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Portfolio Breakdown

Get Irked - Year-to-Date Performance - Investments in Play vs. Speculation in Play - 2021 Year-to-Date Performance

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Year-to-Date Performance

Current Position Performance

AMD (AMD)

+748.84*

1st Buy: 1/10/2019 @ $19.54
Current Per-Share: -($29.02)

Yeti (YETI)

+458.44%*

1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$142.16)*

Pinterest (PINS)

+423.54%*

1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($13.05)*

Virgin Galactic (SPCE)

+230.82%*

1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$19.60)*

Carnival Cruise (CCL)

+229.82%

1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $6.64

Tradeweb Mkts (TW)

+196.05%*

1st Buy: 4/8/2019 @ $39.22
Current Per-Share: -($23.59)*

Airlines ETF (JETS)

+187.92%

1st Buy: 5/14/2020 @ $11.30
Current Per-Share: $11.82

SPY 2/18 Put Spreads

+38.97%

Cost: 12/29/2021 @ $0.993
Current Value: $1.380

Uranium ETF (URA)

+19.03%

1st Buy: 2/23/2021 @ $17.97
Current Per-Share: $20.34

Las Vegas Sands (LVS)

+4.85%

1st Buy: 8/12/2021 @ $40.50
Current Per-Share: $35.90

Zillow (Z)

-0.79%

1st Buy: 11/18/2021 @ $57.13
Current Per-Share: $57.13

Wendy’s (WEN)

-3.21%

1st Buy: 6/9/2021 @ $28.50
Current Per-Share: $24.87

Golden Mine. (AUMN)

-23.97%

1st Buy: 7/29/2021 @ $0.5316
Current Per-Share: $0.4443

Palantir (PLTR)

-27.84%

1st Buy: 2/12/2021 @ $31.50
Current Per-Share: $22.95

DraftKings (DKNG)

-32.80%

1st Buy: 1/29/2021 @ $52.97
Current Per-Share: $40.54

Danimer Sci (DNMR)

-44.25%

1st Buy: 10/20/2021 @ $15.00
Current Per-Share: $13.55

Grow Gen. (GRWG)

-50.95%

1st Buy: 10/30/2020 @ $16.04
Current Per-Share: $22.75

* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Total Profit / Original Capital Investment

This Week’s Moves

SPY 2/18 477-474 Put Spreads: Closed @ +38.97%

Long-time readers know that I’ve had options trades burn me pretty bad in the past, so when the Federal Reserve caused my put options to spike in value on Wednesday, I kept a close eye on them. On Thursday, the market looked like it may be stabilizing, so rather than risk turning a winner into a loser, I decided it was time to close the position.

I sold the spreads for $1.38 each after fees meaning I locked in a +38.97% gain in less than two weeks since the spreads cost $0.993 each after fees. The total profit adds more than a +1% gain to the entire portfolio… not too shabby given how bad this first week of the year has been.

Naturally, the S&P traded lower after I sold this position, so I could have likely captured more of the maximum trade potential of +200%, however, given how bad my luck has been previously, I’m going to continue making conservative approaches to options trading until I get my feet under me.

Final Trade Value
Cost: $0.993
Sale: $1.380
Gain: $1.38 – $0.993 = $0.387 / $0.993 = 38.97% gain

GrowGeneration (GRWG): Added to Position

GrowGeneration (GRWG) really sold off on Wednesday when the rest of the market reacted to rising rates and the Federal Reserve update, triggering a buy order I had in place which filled at $11.55. The order lowered my per-share cost -5.80% from $24.15 to $22.75.

From here, my next buy target is $9.75, slightly above a past point of support, and my next sell target is $25.95, slightly below the high from GRWG’s last bull rally.

GRWG closed the week at $11.16, down -3.38% from where I added Wednesday.

Palantir Technologies (PLTR): Added to Position

Palantir Technologies (PLTR) lost support on Wednesday, dropping through $18.00 and triggering a buy order I had in place at $17.39. The order locked in a -33.60% discount on shares I sold for $26.19 back on September 8, 2021, and lowered my per-share cost -4.65% from $24.07 to $22.95.

From here, my next buy target is $13.50, above a past point of support, and my next sell target is around $29, just under the high from PLTR’s last significant bull rally.

PLTR closed the week at $16.56, down -4.77% from where I added Wednesday.

Pinterest (PINS): Added to Position

The social media stocks began selling off early in the week, and the selling only continued on Wednesday following the release of the Fed’s December minutes showing their plans to reduce their balance sheet. Pinterest (PINS) fell through a buy target of mine on Wednesday with a buy order filling at $32.55.

The buy locked in a -26.61% discount replacing shares I sold at $44.35 back on October 5, 2020. The buy also raised my per-share “cost” +$7.60 from -$20.65 to -$13.05 (a negative per-share cost indicates that all capital has been removed from the position as well as $13.05 per share which is added to the portfolio’s bottom line in addition to the value of each share held).

From here, my next buy target is much lower at $20.55, above a past point of support, and my next sell target is $62.55, near a point of resistance from one of PINS’ last bull rallies.

PINS closed the week at $32.42, down -$0.13 from where I added Wednesday.

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!

Don't get mad, Get Irked and learn how to invest for yourself!

 

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.