April 3, 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
Chevron (CVX)
After a year-to-date drop of -37.67%, I guess a +9.20% pop on the back of negotiations with the Saudis and Russians is good enough to earn Chevron (CVX) the Biggest Winner of the Week.
Carnival Cruiselines (CCL)
Remember all those people trapped on the cruise ships who looked like they were in the 9th circle of Hell? Yeah, somehow, the markets forgot about those guys last week. This week, they remembered… to the tune of a -41.08% drop and a -83.30% YTD loss to lock in the week’s Biggest Loser.
Man, I wonder how the buyer at the top must be feeling right now?
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)*
+438.54%*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: -($1.29)*
Virgin Galactic (SPCE)*
+242.79%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$0.15)*
Tradeweb Mkts (TW)
+34.25%
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: $33.85
Chevron (CVX)
+12.81%
1st Buy: 3/12/2020 @ $76.94
Current Per-Share: $66.58
Yeti (YETI)
+6.73%
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: $16.15
Pinterest (PINS)
+3.76%
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: $13.32
Twitter (TWTR)
-11.19%
1st Buy: 10/30/2019 @ $29.79
Current Per-Share: $26.00
General Electric (GE)
-12.59%
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: $7.70
Carnival Cruise (CCL)
-28.82%
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $11.93
Revolve Group (RVLV)
-61.16%
1st Buy: 6/13/2019 @ $39.06
Current Per-Share: $21.58
SPY Put Spreads 4/3
-100.00%
Cost: $1.24
Final Value: $0.00
* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Gross Profit / Original Capital Investment
This Week’s Moves
SPY 4/3 Put Spreads: Closed – Complete Loss
After several very successful put spread trades from December 2019 until now, I guess you could say I was due for a loser.
I put on this insurance play after the market’s capitulative sell-off two weeks ago resulted in the substantial rally last week. I ended up being far too early, putting on the insurance about halfway into the rally when the SPY was around $235-240. The rally took the SPY into the low $250s and ended up invalidating the trade.
Given the short time-frame (I purchased spreads with a week-and-a-half expiration date), the lesson I’ve learned here is that I should have taken the loss early.
I thought (and still think) there’s a significant possibility we’ll test (and potentially break through) the market’s lows, however, it was hubris to think it would happen that quickly – I should have closed out the trade when it still had value and/or rolled the spreads into longer-dated options.
The spreads expired worthless at the market close on Friday, resulting in a -3.77% ding to the portfolio’s Year-To-Date profits.
Tradeweb Markets (TW): Profit-Taking
Tradeweb Markets (TW) has been a particularly odd stock throughout the entire pandemic: some days it breaks down with the rest of the market and other days (like Thursday) it holds up and even excels in a market that seems to beat down similar stocks.
On Thursday, TW crossed through a selling target of mine with an order filling at $45.16 to sell some shares I bought on March 18 at $33.70, capturing a 34% gain and lowering my per-share cost by -4.65% from $35.50 to $33.85.
My next sell target is $49.85 and my next buy target is $33.26.
TW closed the week at $45.44, up +0.62% from where I sold on Thursday.
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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