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).

Golden Minerals (AUMN)

The precious metals sector sold off with the rest of commodities this week, despite inflation raging supreme and the Russia-Ukraine war showing no sign of slowing anytime soon. Naturally, when gold sells off, so do the miners, so it was no surprise when Golden Minerals (AUMN) dropped -4.87% to roll in as the Week’s Biggest Loser.

SPY Put Spreads 4/8 430-428: *Position Opened*

The market rose on Wednesday going into the meeting of the Federal Reserve where a rate hike was expected, however, I believed the market increase was more due to the potential cease-fire between Ukraine and Russia.

Regardless, I felt that the market heading higher into the first rate hike in three years seemed ill-advised. However, with options prices through the roof thanks to the realized volatility in the markets, I decided to open a very tight put-spread option position, buying puts expiring on April 8 with a strike price of $430 and off-setting the cost of those puts by selling the $428 puts expiring the same day, a very simple bearish spread play.

The result? The trade cost $0.803 (after fees) per spread and carries the potential to make nearly 2.5 times its cost at $2.00 per spread (before fees).

Maximum Profit: $2.00 – $0.803 / $0.803 = 149% profit (or 2.5 times the cost)

Current Value: $0.355
Current P/L: -55.79%

Las Vegas Sands (LVS): Added to Position

The travel and hospitality sector continued to get slammed this week thanks to the geopolitical tensions throughout the world with companies with Chinese exposure like Las Vegas Sands (LVS) getting hit particularly hard.

LVS triggered a buy order on Monday at $34.05 which locked in a -23.83% discount on shares I sold less than two months ago at $44.70 on January 19. While the buy did raise my per-share cost +2.70% from $31.50 to $32.35, that still represents a -20.12% discount off my initial opening buy at $40.50 on August 12, 2021.

From here, my next buy target is $28.15, a past point of support, and my next sell target is $47.35, just under the high of LVS’s last rally.

LVS closed the week at $38.96, up +14.42% from where I sold on Monday.