Everest Re Group, Ltd. (NYSE: RE). February. Short. +2.17% On Invested Capital.
Summary
- Investors are very fond of the result.
- I propose to calculate the potential profit for February.
- The forecast were printed on January 31, 2021.
February 17
Short
Volume position 1000 shares.
Position opening: $ 243.00.
$ 243.00 x 1000 shares = $ 243,000. This is the invested capital.
Stop Loss: $ 245.30
February 19
On my strategy at the price of $ 238.00, 50% of the position was closed.
$ 243.00 x 1000 shares = $ 243,000
$ 238.00 x 1000 shares = $ 238,000
$ 243,000 - $ 238,000 = $ 5,000. This is 2.05% on invested capital.
We continue to hold the position.
$ 243.00 x 500 shares = $ 121,500
February 22
Closing position February 17
$ 243.00 x 500 shares = $ 121,500
$ 242.70 x 500 shares = $ 121,350
$ 121,500 - $ 121,350 = $ 150. This is 0.12% on invested capital.
Profit for February.
$ 5,000 + $ 150 = $ 5,150
2.05% + 0.12% = 2.17%
By the way. The position volume could be increased 2 times. This is for this ticker.
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