HSX Forum

Feedback & Support

When flipping stocks can it cost significantly more to Cover than to Buy?

Posted by: RattyBatty on Mar 28, 13:14

When I’ve been changing position on random stocks the value in the Amount column can change by hundreds of thousands or millions even though the price of the stock only moves by a few cents.

For example on 03/26/20 I flipped ECNH2 from short to long. It was trading at $2.03 and the value in the Amount column was -$205,030.00 for the Buy trade. But then the value in the Amount Column for the Cover trade was $547,900.00 even though the stock price had only gone up to $2.10.

Earlier on the same day I flipped THOR4 from short to long. It was trading at $205.51 for the Buy trade and the value in the Amount column was -$20,756,510.00. It was still at $205.51 for the Cover trade but now the value in the Amount column was $24,447,490.00.

Does this mean it cost roughly $200,000.00 in comission fees to Buy THOR4 but then cost roughly $240,000.00 in commission fees to cover it?

When flipping stocks can it cost significantly more to Cover than to Buy? RattyBatty Mar 28, 13:14

Yes to comissions on THOR4 ndmaster Mar 30, 00:35

Ahhh, I see. Thanks. {nm} RattyBatty Mar 30, 06:05

But you get 2 x the profit in cash {nm} mrbinns Apr 01, 09:55

Hmmm....... {nm} RattyBatty Apr 02, 06:31





Post a Reply

To post to the forums you must first login!


David Cronenberg (DCRON) 9 4.54 (0.00)          Kathryn Newton (KNEWT) 142 60.54 (-0.25)          Samara Weaving (SAWEA) 24875 28.33 (-0.37)          Samara Weaving (SAWEA) 24865 28.33 (-0.37)          Ready or Not 2: Here I Come (RONO2) 10 22.89 (-0.85)          Nick Offerman (NOFFE) 25000 51.38 (-0.33)          The Pout-pout Fish (POUTF) 1 3.41 (-0.25)          Elsie Fisher (EFISH) 125 26.03 (-0.12)          Skeletons (SKLTN) 49999 23.38 (-0.71)          Call of Duty (CODUT) 6 73.38 (+4.84)          Octavia Spencer (OSPEN) 125 37.54 (+0.02)          Rose Byrne (RBYRN) 125 44.32 (-0.50)          Call of Duty (CODUT) 50000 73.38 (+4.84)          Tow (TOW) 1 2.07 (-0.22)          Tow (TOW) 125 2.07 (-0.22)          Marc by Sofia (MARCS) 1 0.47 (-0.04)          Marc by Sofia (MARCS) 132 0.47 (-0.04)          Fall 2 (FALL2) 5 5.23 (-0.02)          Spider-Man: Brand New Day (SPID9) 5 426.77 (+1.38)          The Odyssey (ODYSE) 9 292.90 (+0.37)          Cut Off (CUTOF) 8 39.14 (+0.25)          Moana (MOAN1) 25 223.41 (+1.03)          Death of a Salesman (DOASM) 150000 10.00 (0.00)          Minions & Monsters (MNIO3) 15 322.21 (-4.00)          The Invite (TINVT) 4 14.38 (+0.02)          Supergirl (SUPGR) 30 165.15 (-1.15)          Supergirl (SUPGR) 8 165.15 (-1.15)          Toy Story 5 (TOYS5) 8 362.88 (-2.64)          The Death of Robin Hood (TDORH) 3 26.18 (+0.03)          The Death of Robin Hood (TDORH) 3 26.18 (+0.03)          Tom and Jerry: The Forbidden Com (TMJR2) 75 23.09 (-0.36)          Pressure (PRSUR) 4 17.85 (-0.03)          Passenger (PSNGR) 4 25.03 (+0.06)          Disclosure Day (SKIES) 4 176.11 (+0.64)          Scary Movie 6 (SCAR6) 4 66.51 (-0.05)          Death of a Salesman (DOASM) 150000 10.00 (0.00)          The Mandalorian and Grogu (SWAR3) 5 223.23 (-0.07)          The Mandalorian and Grogu (SWAR3) 4 223.23 (-0.07)          In the Grey (NGREY) 100 21.13 (+0.09)          The Devil Wears Prada 2 (PRAD2) 6 210.62 (-1.01)          Over Your Dead Body (TETRP) 7 9.91 (-0.04)          Desert Warrior (DSRTW) 8 2.93 (+0.01)          Lee Cronin's The Mummy (TMUMY) 8 44.32 (-0.33)          Normal (NORML) 132 17.09 (-0.07)          You, Me & Tuscany (ITLIA) 6 24.39 (-0.09)          Heart Eyes 2 (HRTE2) 100000 18.48 (-0.46)          The Christophers (CHRIS) 10 6.84 (+0.04)          Bunnylovr (BNYLV) 5500 0.31 (+0.08)          The Super Mario Galaxy Movie (MARI2) 8 496.70 (-2.82)          They Will Kill You (TWKYU) 50 21.83 (+0.68)