Pioneer Natural Resources Company (NYSE: PXD). November. Short. +8.68% On Invested Capital.
Summary
- Investors are very fond of the result.
- I propose to calculate the potential profit for November.
- The forecast were printed on November 01, 2020.
November 04
Short
Volume position 1000 shares.
Position opening: $ 85.80.
$ 85.80 x 1000 shares = $ 41,800. This is the invested capital.
Stop Loss: $ 87.10
November 06
On my strategy at the price of $ 77.80, 50% of the position was closed.
$ 85.80 x 1000 shares = $ 85,800
$ 77.80 x 1000 shares = $ 77,800
$ 85,800 - $ 77,800 = $ 8,000. This is 9.32% on invested capital.
We continue to hold the position.
$ 85.80 x 500 shares = $ 42,900
November 09
Closing position November 04
$ 85.80 x 500 shares = $ 42,900
$ 86.35 x 500 shares = $ 43,175
$ 42,900 - $ 43,175 = - $ 275. This is (-0.64%) on invested capital.
Profit for November.
$ 8,000 + (- $ 275) = $ 7,725
9.32% + (-0.64%) = 8.68%
By the way. The position volume could be increased 12 times. This is for this ticker.
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