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YY Inc (NASDAQ: YY). August. Short. + 36.71% On Invested Capital.

|About: YY Inc. (YY)
Summary

Investors are very fond of the result.

I propose to calculate the potential profit for August.

The forecast were printed on July 31, 2019.

August 1

Short

Volume position 1000 shares.

Position opening: $ 63.95.

$ 63.95 x 1000 shares = $ 63,950. This is the invested capital.

Stop Loss: $ 65.05.

On my strategy at the price of $ 61.20, 50% of the position was closed.

$ 63.95 x 1000 shares = $ 63,950

$ 61.20 x 1000 shares = $ 61,200

$ 63,950 - $ 61,200 = $ 2,750. This is 4.3% on invested capital.

We continue to hold the position.

$ 63.95 x 500 shares = $ 31,975

August 5

Position August 1

On my strategy at the price of $ 56.00, 50% of the position was closed.

$ 63.95 x 500 shares = $ 31,975

$ 56.00 x 500 shares = $ 28,000

$ 31,975 - $ 28,000 = $ 3,975. This is 12.43% on invested capital.

We continue to hold the position.

$ 63.95 x 250 shares = $ 15,987

August 8

Short

Volume position 500 shares.

Position opening: $ 55.00.

$ 55.00 x 500 shares = $ 27,500. This is the invested capital.

August 12

Position August 8

On my strategy at the price of $ 52.00, 50% of the position was closed.

$ 55.00 x 500 shares = $ 27,500

$ 52.00 x 500 shares = $ 26,000

$ 27,500 - $ 26,000 = $ 1,500. This is 5.45% on invested capital.

We continue to hold the position.

$ 55.00 x 250 shares = $ 13,750

August 16

Closing position on August 8

$ 55.00 x 250 shares = $ 13,750

$ 54.70 x 250 shares = $ 13,675

$ 13,750 - $ 13,675 = $ 75. This is 0.54% on invested capital.

August 28

Closing position on August 1

$ 63.95 x 250 shares = $ 15,987

$ 55.00 x 250 shares = $ 13,750

$ 15,987 - $ 13,750 = $ 2,237. This is 13.99% on invested capital.

Profit for August.

$ 2,750 + $ 3,975 + $ 1,500 + $ 75 + $ 2,237 = $ 10,537

4.3% + 12.43% + 5.45% + 0.54% + 13.99% = 36.71%

By the way. The position volume could be increased 12 times. This is for this ticker.