April 8, 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).
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The Week’s Biggest Winner & Loser
Uranium ETF (URA)
With the United Kingdom announcing its intentions to bring back nuclear power to address dependency on Russia’s natural gas, all things yellow took off this week (uranium is yellow and is called “yellow cake,” by the way).
In an otherwise downtrodden market, the Uranium ETF (URA) leapt +5.56%, earning itself the spot of the Week’s Biggest Winner.
DraftKings (DKNG)
Despite some of the most exciting sporting events to come our way in, well, more than two years (thank you, pandemic), DraftKings (DKNG) and the casino stocks got slammed hard this week.
Turns out that despite everyone gambling and betting once more, acquisition costs for online gamblers is still causing stocks like DKNG to lose money. DKNG dropped -14.02% this week (down -40.37% YTD!!!) and swung in to catch the spot of the Week’s Biggest Loser.
Portfolio Allocation
Positions
%
Target Position Size
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Portfolio Breakdown
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Year-to-Date Performance
Current Position Performance
AMD (AMD)
+590.39%*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: -($29.02)
Yeti (YETI)
+415.82%*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$142.16)*
Pinterest (PINS)
+341.01%*
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($13.05)*
Carnival Cruise (CCL)
+246.04%
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $5.30
Airlines ETF (JETS)
+223.95%
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: $9.00
Virgin Galactic (SPCE)
+202.97%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$7.42)*
Tradeweb Mkts (TW)
+193.82%*
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: -($23.57)*
Uranium ETF (URA)
+47.96%
1st Buy: 2/23/2021 @ $17.97
Current Per-Share: $18.60
Golden Mine. (AUMN)
+13.41%
1st Buy: 7/29/2021 @ $0.5316
Current Per-Share: $0.4443
Las Vegas Sands (LVS)
+11.13%
1st Buy: 8/12/2021 @ $40.50
Current Per-Share: $32.35
Zillow (Z)
-11.83%
1st Buy: 11/18/2021 @ $57.13
Current Per-Share: $54.10
Wendy’s (WEN)
-14.91%
1st Buy: 6/9/2021 @ $28.50
Current Per-Share: $24.73
Palantir (PLTR)
-37.13%
1st Buy: 2/12/2021 @ $31.50
Current Per-Share: $20.20
DraftKings (DKNG)
-50.74%
1st Buy: 1/29/2021 @ $52.97
Current Per-Share: $32.25
Danimer Sci (DNMR)
-53.48%
1st Buy: 10/20/2021 @ $15.00
Current Per-Share: $11.35
Grow Gen. (GRWG)
-57.19%
1st Buy: 10/30/2020 @ $16.04
Current Per-Share: $19.25
SPY 4/8 430-428 Puts
-100.00%
Cost: $0.803
Current Value: $0.000
* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Total Profit / Original Capital Investment
Cash Position Performance
The below positions are no longer actively covered each week and are instead reflected in the portfolio’s “Cash” position. Many readers mentioned wanting to still see these positions’ ongoing performance so these positions will be updated weekly in the table below.
Chevron (CVX)
+258.14*
1st Buy: 3/6/2020 @ $76.94
Current Per-Share: -($0.06)*
Twitter (TWTR)
+101.54%*
1st Buy: 10/30/2019 @ $29.79
Current Per-Share: -($45.02)*
General Electric (GE)
+74.91%*
1st Buy: 12/12/2018 @ $54.80
Current Per-Share: -($63.21)*
Canadian Pal (DCNNF)
+5.35%
1st Buy: 7/19/2021 @ $0.1000
Current Per-Share: $0.0691
Fabled Gold (FBSGF)
-5.80%
1st Buy: 7/23/2021 @ $0.1036
Current Per-Share: $0.0827
Actual Cash
31.70%
This is the actual amount of cash when
accounting for the positions in this table.
This Week’s Moves
SPY 4/8 430-428 Puts: Expired Worthless
The 4/8 SPY 430-428 Put Spreads I purchased a few weeks ago expired worthless today after the market rallied more than +7.5% off its February lows. Who could have possibly thought the S&P 500 would bounce that hard after only a ~14% selloff??! Obviously, I didn’t. LOL!
Given my track record with options trading is notoriously bad, some readers may wonder why I keep trying. (I wonder that myself sometimes…)
In all honesty, I keep trying because I do want to learn how to be better at forecasting market direction. The reason I don’t use options in the Investments in Play or Pandemic Portfolios is simply because I really am this bad at it, and that’s why I have a speculative portfolio to begin with.
I continue to believe that having a small portfolio to experiment with prevents me from making huge mistakes in my real portfolios. Once again, the size difference is astronomical – my entire Speculation in Play portfolio is only slightly more than half an entire allocation in the Investments in Play portfolio.
At any rate, will I try options trading again? Count on it!
Uranium ETF (URA): Profit-Taking
The Uranium ETF (URA) took off with the rest of the commodities sector this week, triggering a sell order I had in place at $27.12 which filled on Tuesday. The sale locked in +38.44% in gains on shares I bought less than three months ago on January 24, 2022 for $19.59 and lowered my per-share cost -5.92% from $19.77 down to $18.60.
From here, my next sell target for the stock is $31.53, just under its past high, and my next buy target for the stock is $17.55, above a past point of support.
URA closed the week at $27.52, up +1.48% from where I sold on 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.
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