March 6, 2020
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).
The Week’s Biggest Winner & Loser
AMD (AMD)
Have no doubt, AMD’s (AMD) CEO Lisa Su is utterly fantastic having led this also-ran, go-nowhere chip stock to all-time highs, but, now, a gain of +6.84% in a rough market and retaining a +5.95% gain Year-To-Date?!
Yeah, that earns AMD our Biggest Winner of the Week, no doubt.
Revolve Group (RVLV)
Revolve Group (RVLV) is really outperforming itself to earn the title of the Biggest Loser.
Following a mediocre-to-terrible quarterly report in a sector it should rightfully do well in, RVLV lost an additional -14.17% this week to earn itself its spot as the week’s Biggest Loser – I’m just trying to find the door at this point (let me out!!!!!)
Portfolio Allocation
Positions
%
Target Position Size
Portfolio Breakdown
Year-to-Date Performance
Current Position Performance
AMD (AMD)*
+455.98%*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: -($43.68)*
Yeti (YETI)
+430.98%
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: $5.06
Virgin Galactic (SPCE)*
+352.51%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$0.15)*
SPY 3/16 Put Spreads
+250.68%
Cost: $1.331
Closing Price: $3.3365
Tradeweb Mkts (TW)
+58.98%
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: $31.19
Twitter (TWTR)
+26.53%
1st Buy: 10/30/2019 @ $29.79
Current Per-Share: $26.45
Pinterest (PINS)
-0.09%
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: $18.35
Revolve Group (RVLV)
-44.58%
1st Buy: 6/13/2019 @ $39.06
Current Per-Share: $25.25
General Electric (GE)
0.00%
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: $9.40
* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Gross Profit / Original Capital Investment
This Week’s Moves
General Electric (GE): *New Position*
I decided to open another position in General Electric (GE) on Friday when the marketwide sell-off sent GE careening through the $10.00 mark.
My opening position filled at $9.40 a share with a small allocation. Given that GE was trading at a recent high of $13.26 in February, that makes my fill order a -29.11% discount from its highs and a -26.45% discount from where I sold my last GE position on February 14 at $12.78.
My next price target for GE is at a lower significant point of support: $8.25.
GE closed the week at $9.40, unchanged from where I opened Friday.
SPY Insurance Put Spreads: *Closed: +250.68% Gain*
When the markets sold off dramatically on Friday, I decided it was time to not be greedy with my SPY Insurance Put Spreads, so I sold them when they would give me a +250.68% gain after fees rather than holding out for the full 300% potential.
Given the market’s volatility, I fully anticipate I’ll have opportunities for future Vertical Put Spread plays in the future, so it was time to capitalize on these even though they wouldn’t expire until next Friday (3/13).
FINAL TRADE RESULTS:
When the total value of each spread rose above 2.5 times what I paid for them on Friday, I sold the SPY 3/13 315 Puts for $22.5830 each and bought back the SPY 3/13 311 Puts I had sold for $19.2465 each.
The result? A sale price of $3.3365 per spread: a profit of $2.0055 per spread or a gain of +250.68% over my $1.3331 per spread cost a week ago Wednesday.
Sell SPY 3/13 315 Puts: +$22.5830
Buy SPY 3/13 311 Puts: -$19.2465
Revenue: $3.3365 per spread
Cost: $1.331 per spread
Profit: $2.0055 per spread
Gain: $3.3365 (sale price) / $1.331 (buy price) = 2.5067 or +250.68%
Maximum Risk for each Spread: $1.331
Final Profit/Loss for each Spread: $2.0055
Profit over $1.331 cost of each Spread: +150.68% in profits
Change to the Portfolio YTD: +6.75%
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!
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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