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Broadcom Inc. (NASDAQ: AVGO). October. Short. +3.29% On Invested Capital.

|About: Broadcom Inc. (AVGO)
Summary

Investors are very fond of the result.

I propose to calculate the potential profit for October.

The forecast were printed on September 29, 2019.

October 7

Short

Volume position 1000 shares.

Position opening: $ 279.35.

$ 279.35 x 1000 shares = $ 279,350. This is the invested capital.

Stop Loss: $ 281.80.

October 8

On my strategy at the price of $ 270.00, 50% of the position was closed.

$ 279.35 x 1000 shares = $ 279,350

$ 270.00 x 1000 shares = $ 270,000

$ 279,350 - $ 270,000 = $ 9,350. This is 3.34% on invested capital.

We continue to hold the position.

$ 279.35 x 500 shares = $ 139,675

October 11

Closing position October 7

$ 279.35 x 500 shares = $ 139,675

$ 279.49 x 500 shares = $ 139,745

$ 139,745 - $ 139,675 = $ 70. This is (-0.05%) on invested capital.

Profit for October.

$ 9,350 - $ 70 = $ 9,280

3.34% - 0.05% = 3.29%

By the way. The position volume could be increased 20 times. This is for this ticker.