Add as a preferred source on GoogleA $10.5 Million TSLA Short Swings to a $66,000 Paper Gain
The short had earlier shown a paper loss of about $310,000. A separate long position was partly liquidated as the contract price fell 1.3%.
An open TSLA short position valued at about $10.5 million showed an unrealized gain of about $66,000 at 10:35 a.m. ET (14:35 UTC) Friday, Oct. 16, after earlier showing a paper loss of about $310,000.
The contract price fell to $364.80, down about 1.3%. It briefly moved below the roughly $365.30 level recorded when the Roadster event began, wiping out the gains seen after the event for a time. The short remained open.
A separate large trader’s long position was partly liquidated. About 2,093 contracts, valued at roughly $764,000, were forcibly closed at a loss of about $27,800.
The trader still held about 6,697 contracts worth roughly $2.45 million. The position used 20x cross margin and showed an unrealized loss of about $84,000, with a liquidation price near $361.80.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.