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Short sale valuation calculation
Posted by: schmenge on Jan 10, 16:02
I shorted a stock at $4.00 and sold it when it was at $3.23. According to the formula in the glossary, the per share sale valuation should be:
Purchase price + (Purchase price - current price) - Commission [$0.02 if share < $2.00 or 1% if share >= $2.00]
Based on this calculation, my proceeds for covering the stock should be $4.7377 per share, but when I sell the shares, I received $4.7175 per share.
What am I missing?
Short sale valuation calculation schmenge Jan 10, 16:02
The price of a security will move based on your action _before_ your action is implemented. DTravel Jan 10, 17:39
I understand that. The per share price that I used in my query was the actual sale price in the Trade History. {nm} schmenge Jan 10, 18:03
Okay, sorry. {nm} DTravel Jan 11, 02:57
Years ago when I asked this...I was told "chuckage". {nm} Grunt Jan 11, 07:19
Magic! {nm} Lukasck Jan 13, 15:50
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