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Started By
Message
Dumb question about short position, but I'm asking anyway...
Posted on 9/29/22 at 7:19 am
Posted on 9/29/22 at 7:19 am
Shorted a stock at $26.61 about a month ago. Price is now at $25.15 and I'm down 5.5%. How so?
TIA
TIA
5
Posted on 9/29/22 at 7:31 am to The Mick
I’m gonna guess it’s decay from the interest you’re paying to borrow those shares.
Posted on 9/29/22 at 7:39 am to Shepherd88
I can't find any detail on it. (fidelity). Any idea where the breakdown would be listed. It's not part of position detail, not on statement, not on history.
Posted on 9/29/22 at 8:40 am to The Mick
26.61 minus 25.15 divided by 26.61 is 5.5%. Are you sure you aren't UP 5.5% and your brokerage is just showing you what happened to the underlying security?
Posted on 9/29/22 at 8:48 am to The Mick
Oh boy 
How did you "short" it exactly?
How did you "short" it exactly?
Posted on 9/29/22 at 8:56 am to The Mick
If you bought puts then your option time decay (theta) is going to eat into your profit. If you just shorted the stock, you have to pay borrow fees or interest for shorting those shares.
Posted on 9/29/22 at 9:23 am to The Mick
Probably the cost to borrow rate. I never short anything. I just buy deep ITM Puts.
Yesterday I bought $480 Spy puts several months out when SPY was around 370. The most Ive paid is a dollar over intrinsic value per contract. I got some yesterday at even value. I dont know why anyone would want to short something and have unlimited risk.
Yesterday I bought $480 Spy puts several months out when SPY was around 370. The most Ive paid is a dollar over intrinsic value per contract. I got some yesterday at even value. I dont know why anyone would want to short something and have unlimited risk.
Posted on 9/30/22 at 7:25 am to castorinho
quote:Great question...
How did you "short" it exactly?
Is it possible to buy short to open a position. If so I think thats what I did...
This post was edited on 9/30/22 at 7:27 am
Posted on 9/30/22 at 7:26 am to Triple Bogey
Its not options
Posted on 9/30/22 at 7:37 am to The Mick
quote:that's terrifying
Is it possible to buy short to open a position. If so I think thats what I did...
yes, 'selling to open' is an options contract but it sounds like you just hit the '-' button when you were purchasing stock which probably initiates a regular margin short
whatever you did, i'd suggest getting out of it, there should be a 'close position' button somewhere
Posted on 9/30/22 at 7:53 am to The Mick
Post screenshot.
Posted on 10/1/22 at 11:00 pm to wileyjones
I sold them and done….
Who wants some fricking investment advice ?
Who wants some fricking investment advice ?
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