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Seattle Genetics, Inc. (NASDAQ: SGEN). September. Short. + 14.22% On Invested Capital.

|About: Seattle Genetics, Inc. (SGEN), Includes: QQQ
Summary

Investors are very fond of the result.

I propose to calculate the potential profit for September.

The forecast were printed on September 1, 2019.

September 3

Short

Volume position 1000 shares.

Position opening: $ 71.95.

$ 71.95 x 1000 shares = $ 71,950. This is the invested capital.

Stop Loss: $ 73.20.

September 3

On my strategy at the price of $ 70.10, 50% of the position was closed.

$ 71.95 x 1000 shares = $ 71,950

$ 70.10 x 1000 shares = $ 70,100

$ 71,950 - $ 70,100 = $ 1,850. This is 2.57% on invested capital.

We continue to hold the position.

$ 71.95 x 500 shares = $ 35,975

September 5

Closing position September 3

$ 71.95 x 500 shares = $ 35,975

$ 72.11 x 500 shares = $ 36,055

$ 36,055 - $ 35,975 = $ 80. This is ( - 0.22%) on invested capital.

September 6

Short

Volume position 1000 shares.

Position opening: $ 71.50.

$ 71.50 x 1000 shares = $ 71,500. This is the invested capital.

Stop Loss: $ 72.50.

September 9

On my strategy at the price of $ 68.90, 50% of the position was closed.

$ 71.50 x 1000 shares = $ 71,500

$ 68.90 x 1000 shares = $ 68,900

$ 71,500 - $ 68,900 = $ 2,600. This is 3.63% on invested capital.

We continue to hold the position.

$ 71.50 x 500 shares = $ 35,750

September 10

On my strategy at the price of $ 65.90, 50% of the position was closed.

$ 71.50 x 500 shares = $ 35,750

$ 65.90 x 500 shares = $ 32,950

$ 35,750 - $ 32,950 = $ 2,800. This is 7.83% on invested capital.

We continue to hold the position.

$ 71.50 x 250 shares = $ 17,875

September 11

Closing position September 6

$ 71.50 x 250 shares = $ 17,875

$ 71.20 x 250 shares = $ 17,800

$ 17,875 - $ 17,800 = $ 75. This is 0.41% on invested capital.

Profit for September.

$ 1,850 - $ 80 + $ 2,600 + $ 2,800 + $ 75 = $ 7,245

2.57% - 0.22% + 3.63% + 7.83% + 0.41% = 14.22%

By the way. The position volume could be increased 5 times. This is for this ticker.