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NO - IT IS NOT. It's Based on the End Price. <See Inside>. Transaction Above included a 442,000.00 PROFIT.

Posted by: RotoHockeyYTD2014 on Jul 08, 12:55 in response to Antibody's post The commission is based on the profit of your short...

The Deposit to the BANK would be the COVER of the MovieStock less COMMISSION plus PROFIT Banked.

The Above Transaction was SHORTED at 43.27 & COVERED at 38.85. This can be Confirmed by Checking the Trade History on this MovieStock.

BANK = 4,327,000.00 (MS) - 38,850.00 (COMM) + 442,000.00 (PROFIT) = 4,730.150.00.

There was a 1% Commission on the End Price.

Confirmed this Formula by Checking several ROTO COVERS.

EXAMPLE - (NTFRS).

SHORT at 9.93, COVER at 8.79.

BANK = 993,000.00 (MS) -8,790.00 (COMM) + 114,000.00 (PROFIT) = 1,098,210.00.

The Commission is Based on the End Price.

 

Is the comission correct in my last trade ( cover) Seems rather excessive to me?.... EarthMother Jul 08, 05:13

If there is a problem would the 'powers to be' be so kind as to fix this trade glitch. Thanking you in advance. {nm} EarthMother Jul 08, 05:19

The commission is based on the profit of your short postion, not the end price. {nm} Antibody Jul 08, 10:12

NO - IT IS NOT. It's Based on the End Price. <See Inside>. Transaction Above included a 442,000.00 PROFIT. RotoHockeyYTD2014 Jul 08, 12:55

Thanks for your feedback Antibody and RotoHockey- I'm a bit confused by the opposing views, but thank you. {nm} EarthMother Jul 08, 14:58

There is no Opposing View - every Stock Exchange in the World (including Fantasy Ones) operates the Same Way. {nm} RotoHockeyYTD2014 Jul 08, 15:13

Here's how to Confirm your Transactions. <See Inside>. RotoHockeyYTD2014 Jul 08, 15:26

Thanks for that info Rotohockey..much appreciated. {nm} EarthMother Jul 09, 00:36

yeah, you're right. I flipped the two based on the way he asked the question. {nm} Antibody Jul 08, 15:27

Thanks - She (think that's the right Gender) set you up with her Question. {nm} RotoHockeyYTD2014 Jul 08, 15:31

Yep I'm a she....and not great at wording things.....my apologies if my question was asked in a weird way. {nm} EarthMother Jul 09, 00:41

Looks like commision would be about 47,800.00 or so to cover that....not gonna try to figure it out exactly. {nm} mishra Jul 08, 17:24

$38,850 {nm} RazorHawk Jul 08, 17:29

;) mishra Jul 08, 17:28





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