October 16, 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).

Get Irked's Speculation in Play - October 16, 2020

Click image to bring up larger version.

The Week’s Biggest Winner & Loser

General Electric (GE)

General Electric (GE) got the nod from several analysts in the past few weeks with a price target of $10.00 so it’s off to the races for this sub-$7 stock, popping +6.58% in a relatively dull week to earn the spot of Biggest Winner.

Carnival Cruise Lines (CCL)

With cruise lines canceling trips and postponing the restart of cruising both domestically and internationally, the entire space got hit this week. However, with its shaky balance sheet and mounting waves of debt, Carnival Cruise Lines (CCL) got hit the most, down -10.26% to earn itself the Biggest Loser spot.

Portfolio Allocation

Click charts for enlarged versions



Target Position Size

Get Irked - Speculation in Play - Current Holdings - October 16, 2020

Click image to bring up larger version.

Portfolio Breakdown

Get Irked - Year-to-Date Performance - Investments in Play vs. Speculation in Play - 2020 Year-to-Date Performance

Click image to bring up larger version.

Year-to-Date Performance

Current Position Performance

Pinterest (PINS)


1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($19.35)*



1st Buy: 1/10/2019 @ $19.54
Current Per-Share: (-$5.14)*

Yeti (YETI)


1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$142.16)*

Virgin Galactic (SPCE)


1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$0.15)*

Twitter (TWTR)


1st Buy: 10/30/2019 @ $29.79
Current Per-Share: (-$45.02)*

Tradeweb Mkts (TW)


1st Buy: 4/8/2019 @ $39.22
Current Per-Share: $21.47

Airlines ETF (JETS)


1st Buy: 5/14/2020 @ $11.30
Current Per-Share: (-$1.26)*

Carnival Cruise (CCL)


1st Buy: 3/12/2020 @ $17.25
Current Per-Share: (-1.01)*

Chevron (CVX)


1st Buy: 3/12/2020 @ $76.94
Current Per-Share: $54.29

General Electric (GE)


1st Buy: 3/6/2020 @ $9.40
Current Per-Share: $6.60

Revolve Group (RVLV)


1st Buy: 6/13/2019 @ $39.06
Current Per-Share: $20.00

SPY 11/6 Put Spreads


Cost: $2.4992
Current Value: $1.06

* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Gross Profit / Original Capital Investment

Super-Speculative Basket

Airlines ETF


Carnival Cruise


Virgin Galactic


What is the Super-Speculative Basket?

The Super Speculative Basket (“Super-Spec”) is made up of a handful of stocks so incredibly volatile that I’m uncomfortable giving any of them full allocations even in my Speculation in Play portfolio, instead dividing a single allocation among all of them.

Currently, my Super-Spec stocks are as follows: the Airlines ETF (JETS), Carnival Cruise Lines (CCL), and Virgin Galactic (SPCE). They are listed as a single allocation in the portfolio breakdown chart each week. 

This Week’s Moves

SPY Put Spread Insurance: Rollover 10/23 – 11/6

After last week’s epic rally, it looked like my put spreads set to expire on Friday, October 23 would certainly expire worthless, however, as stimulus talks started to wane this week, I decided to throw a bit more money into my put spreads by raising the price targets and rolling the expiration past the presidential election, a process called “rolling over options.”

On Thursday, some market indecision presented a rollover opportunity, so I unwound my SPY 325-320 put spreads expiring Friday, October 23 by buying back the 320 puts I sold and selling the 325 puts I bought. Then, I purchased the
335-330 put spreads expiring Friday, November 6 by buying the 335 puts and selling the 330 puts.

The new put spreads added just under $1.00 per spread (sold in 100 increments) to the cost of my trade which raised the cost of each put spread to $2.4992 (or $249.92 per put spread) from $1.4931 for the 10/23 spreads.

While I’ve limited my potential upside from 3:1 to 2:1 odds, I’ve extended the expiration beyond the known volatility catalyst – the election – and I’ve created put spreads that will be fully profitable if the SPY sells off just under 5% between Thursday’s prices and the spreads’ expiration, not an unreasonable expectation.

Value as of 10/16 Close: $1.06
Profit/Loss: -57.59%

Yeti (YETI): Profit-Taking

It was once again time to take profits in Yeti (YETI) as the outdoor-equipment maker reached for new all-time highs on Wednesday, triggering a sell order I had in place which filled at $53.16.

The order locked in +67.01% in gains on shares I bought for $31.83 back on February 18, 2020. At this point, I have no additional sell targets for the remainder of the position and my next buy target is around $43.70, slightly above the point where Yeti found support during the last selloff.

 YETI closed the week at $52.06, down -2.07% from where I sold Wednesday.

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!

Don't get mad, Get Irked and learn how to invest for yourself!


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.