Go For Broke

Friday, October 7, 2022 -- $17,831.47 (-$3,579.00, -16.72%) The most likely scenario occurred and the SPY put options expired worthless.  Combined with KIND plummeting, the portfolio continues to flail helplessly!

Wednesday, October 5, 2022 -- $21,410.47 (-$2,816.71, -11.63%) Since we are down almost another 12% since our last update, I thought it was time to make a low probability bet and purchased $1,100 worth of SPY put options that expire on Friday.  If the S&P drops about 7% over the course of the next two days then that position will make money, otherwise it will expire worthless.  Such a drop would require a notoriously unpredictable black-swan-type of event.  Well, we seem to have one possibly queued up.  If Russia were to use a tactical nuke in Ukraine, to which I assign about a 2% chance of this happening in the next 48 hours, then the broad market could plunge 10% in which case this position will go up in value almost 100x.  Still, the most likely scenario is that this position expires worthless in two days.

Friday, September 16, 2022 -- $24,227.18 (-$3,274.21, -11.90%) Well it has been a little over three months since I have posted and the portfolio has continued its death spiral.  But, today there is news on the Portfolio.  I sold 1,018+ shares of KIND, the KIND call options expired worthless, and, in keeping with the seek-out-risk-at-all-costs nature of this Portfolio, I purchased 10 GWH call option contracts with an exercise price of $2.50 expiring in March, 2023.  I paid $2.70 per share for these options so, in order to break even, GWH will have to go up to $5.20 by the expiration date of these options.  At present GWH is selling for $4.86/share.  GWH is a utility-scale battery development company specializing in iron chemistry batteries.  Though much more bulky that lithium-ion batteries, the iron chemistry batteries, if the technology can be worked out, have the potential to be much much less expensive and longer lasting.  In combination with altern...

Wednesday, June 8, 2022 -- $27,501.39 (+830.16, +3.11%) KIND went up a little and the portfolio followed suit.  Let's hope for lots more of these non-negative but relatively uneventful days in the coming months!

Tuesday, June 7, 2022 -- $26,671.23 (+2,477.71, +10.24%) With another surge in KIND today, the portfolio is up almost 50% over the past two weeks ... and yet it is still down over 70% since inception.  If it were to increase 50% over the next two weeks and then another 50% over the following two weeks, and then another 50% over yet another two weeks, the portfolio would still be down!  There is a really long way to go to just be at break even.

Monday, June 6, 2022 -- $24,193.52 (+$1,798.70, +8.03%) KIND surged and the portfolio went up.  Unfortunately, as the margin calls resulted in the portfolio having to sell off most of its assets, it did not get the full benefit of the increase in KIND but it did feel the full force of KIND's earlier drop.  Again, STAY AWAY FROM MARGIN INVESTING, unless you feel comfortable losing everything!

Friday, June 3, 2022 -- $22,394.82 (+$0.00, +0.00%) The portfolio experienced its first ever "no change" day on a day when the market was open!  Given its performance, this was a better-than-average day!  To make up for it, it plummeted in after-hours trading.