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Grand Canyon Education Inc (NASDAQ: LOPE). July. Short. + 1.1% On Invested Capital.

|About: Grand Canyon Education, Inc. (LOPE)
Summary

Investors are very fond of the result.

I propose to calculate the potential profit for July.

The forecast were printed on July 1, 2019.

July 2

Short

Volume position 1000 shares.

Position opening: $ 117.50.

$ 117.50 x 1000 shares = $ 117,500. This is the invested capital.

Stop Loss: $ 119.50.

July 10

Position July 2

On my system at the price of $ 116.50, 50% of the position was closed.

$ 117.50 x 1000 shares = $ 117,500

$ 116.50 x 1000 shares = $ 116,500

$ 117,500 - $ 116,500 = $ 1,000. This is 0.85% on invested capital.

We continue to hold the position.

$ 117.50 x 500 shares = $ 58,750

July 11

Closing position on July 2

$ 117.50 x 500 shares = $ 58,750

$ 117.20 x 500 shares = $ 58,600

$ 58,750 - $ 58,600= $ 150. This is 0.25% on invested capital.

Profit for July.

$ 1,000 + $ 150 = $ 1,150

0.85% + 0.25% = 1.1%

By the way. The position volume could be increased 2 times. This is for this ticker.