Selling stock question.
- Thread starter 65Goat
- Start date
1989
Well-Known Member
Got me...I tried to figure that out yesterday. Said something about the average of the high and low of the day averaged into the close? This redneck is too stupid to figure it out.
Where did you see that? I couldn't find it on Mellon. I want to unload what I have left in there soon. Looking to be out of it at $70. I'd much rather be buying and selling in my Ameritrade account. Too much b.s. doing it this way. Thanks.
1989
Well-Known Member
5. If you sell shares, the price per share that you will receive will equal one of the following:
• On days where there are more shares being purchased than sold, the price per share that you will receive will equal the average of the NYSE
high, low and 4:00 p.m. closing price of UPS Class B shares on the day that you place your order. This will be called the “Average Price”.
• On days where there are more shares being sold than purchased, and where the additional shares are to be sold on the NYSE, the price per
share that you receive will equal the Average Price, averaged with the actual prices at which shares are sold on the NYSE on the day after
you place your order. The averages used in the above calculation will be volume weighted.
• The price per share that you receive will probably be different from the price of the UPS Class B shares at the moment in time when you place
your order.
• The price per share that sellers receive for their shares may be different than the price per share that buyers pay on that day
under:
forms and materials
Direct Transaction Program and Electronic Funds Deposit of Dividends
• On days where there are more shares being purchased than sold, the price per share that you will receive will equal the average of the NYSE
high, low and 4:00 p.m. closing price of UPS Class B shares on the day that you place your order. This will be called the “Average Price”.
• On days where there are more shares being sold than purchased, and where the additional shares are to be sold on the NYSE, the price per
share that you receive will equal the Average Price, averaged with the actual prices at which shares are sold on the NYSE on the day after
you place your order. The averages used in the above calculation will be volume weighted.
• The price per share that you receive will probably be different from the price of the UPS Class B shares at the moment in time when you place
your order.
• The price per share that sellers receive for their shares may be different than the price per share that buyers pay on that day
under:
forms and materials
Direct Transaction Program and Electronic Funds Deposit of Dividends
W_F..... What a bunch of b.s. Thanks big time for the info. man!
1989
Well-Known Member
1989
Well-Known Member
Got a $69.2766 sale price. Guess there were more buyers than sellers that day. Only a $10 commission for the transaction. Sold a May 67.50 put for $1.75 so will go long under 67.50 at a cost of 65.75. Or will keep the 1.75 for a 2.6% return over 30 days.
Great sale price! Nice little profit on the option put too!
