BP
Is this an opportunity to take a position ahead of the results?
BP publishes Q1 Results on Tues, 30 April.
- Last time BP reported: Q4 Results, 5 Feb.
- The shares rose as much as 5.5% for a daily range of 12.3p or 2.4%.
- Shares -2.9% from 2019 highs; +16.5% from 2019 lows; +14.2% year-to-date.
- Currently 566p (at time of writing).
- Will we see another big share price move on Tuesday?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
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Trading BP – An Example
Let’s say you think that BP results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of BP using CFDs, at the current price of 566p. To do this, you need £2,000.
For the purpose of this example, let’s assume BP reports strong results and the shares rise 10%. Your profit would be £1000, from your initial investment of £2,000.
Conversely, let’s assume you open the position, and place a stop-loss 5% below the current price. BP results miss, it falls 5% and hits your stop-loss. Your loss would be £500.
This is provided for information purposes only. It should not be taken as a recommendation.