March 27, 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).
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The Week’s Biggest Winner & Loser
Virgin Galactic (SPCE)
Ya gotta hand it to Virgin Galactic (SPCE)… most redhot IPOs get destroyed during a market selloff, yet, Virgin Galactic is our Biggest Winner with a gain of +36.95% and the only holding in our line-up to have a gain on the year, and a 33.16% gain at that!
Twitter (TWTR)
In a week where every position saw gains, it’s hard to look at the +5.59% Twitter (TWTR) earned as making it the “Biggest Loser,” however, that’s the way it went this week!
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)*
+469.33%*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: -($1.29)*
Virgin Galactic (SPCE)*
+279.71%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$0.15)*
Yeti (YETI)
+29.20%
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: $16.15
Carnival Cruise (CCL)
+20.82%
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $11.93
Tradeweb Mkts (TW)
+18.72%
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: $35.50
Pinterest (PINS)
+12.17%
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: $13.32
Chevron (CVX)
+3.30%
1st Buy: 3/12/2020 @ $76.94
Current Per-Share: $66.58
General Electric (GE)
-1.03%
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: $7.70
Twitter (TWTR)
-2.73%
1st Buy: 10/30/2019 @ $29.79
Current Per-Share: $26.00
SPY Put Spreads 4/3
-26.80%
Cost: $1.24
Current Value: $0.91
Revolve Group (RVLV)
-61.53%
1st Buy: 6/13/2019 @ $39.06
Current Per-Share: $21.58
* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Gross Profit / Original Capital Investment
This Week’s Moves
Carnival Cruise Lines (CCL): Profit-Taking
Carnival Cruise Lines (CCL) flew into the end of the week along with the rest of the market, triggering sell orders I had in place filling at an average price of $17.69.
The shares sold took +33.41% profits from my average per-share price of $13.26 and a whopping +87.2% in profits from my lowest purchase at $9.45 last week.
The orders also reduced my per-share cost by -10.03% from $13.26 to $11.93, but, more importantly, reduced the allocation size so I can add back in if/when we see another pullback.
My next buy price target for the stock is near its recent low at $8.10 with my next point to take profits at $24.80.
CCL closed the week at $14.41, down -18.54% from my average selling price.
Pinterest (PINS): Profit-Taking
When the market bounced after the passage of the stimulus package, it was time to take profits in Pinterest (PINS), the portfolio’s largest position exceeding the 10.00% target allocation.
I made some sells throughout the week landing an average selling price of $15.00 and locking in +17.28% in gains from my average buying price of $12.79 from the purchases made since the start of the selloff. The sale reduced my per-share cost negligibly by -0.97% from $13.45 to $13.32.
My next sell target is $17.74 and my next buy target is $9.19.
PINS closed the week at $14.94, down -$0.06 from my average selling price.
Put Insurance: *Opened SPY 4/3 238-234*
When the markets continued higher on Wednesday following Tuesday’s epic 11% gain, the cost of put spreads once again lowered to a point where I felt picking up a little insurance was in order.
Once again, I picked a price-spread that I felt confident the market may pull back to in the week and half before expiration on Friday, April 3: I bought the SPY 4/3 238 Puts and sold the 234 Puts to reduce the cost of the trade.
I chose to risk 3.61% of my portfolio to potentially add +8.03% in YTD profits.
TRADE MAKEUP:
Buy SPY 4/3 238 Puts: -$8.07
Sell SPY 4/3 234 Puts: +$6.83
Total Cost: -$8.07 + $6.83 = $1.24 per Spread
BREAK-EVEN:
Higher Strike Price: $238
Cost: $1.24
Break-Even: $238 – $1.24 = $236.76
MAXIMUM PROFIT:
Lower Strike Price: $234
Break-Even: $236.76
Maximum Profit: $236.76 – $234 = $2.76 per spread
Maximum Gain: $2.76 / $1.24 = 222.58% (nearly 3-1/4 times the investment)
CURRENT STATUS:
Cost of Each Spread: $1.24
Current Value per Spread: $0.91
P/L %: -26.80%
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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