Three Traders Add $7.24 Million in Shorts as Midterm Vote Count Begins

Three traders added about $7.24 million in short positions across stocks, equity indexes and crypto on Wednesday as U.S. midterm ballots were counted, with two also betting on Democratic outcomes.

frenchlaundry spent about $351,000 on election predictions, including $256,300 on a Democratic win in the Texas Senate race and $37,500 on Democrats controlling both chambers of Congress. The account also opened a $1.83 million short position in Tesla.

javaris spent about $26,600 on predictions tied to Democratic control of the Senate and House. It added about $483,300 to a crypto short position, bringing its value to about $728,100, and opened a $57,200 Tesla short.

xm39 added about $4.87 million to short positions tied to the Nasdaq 100, S&P 500 and a crypto asset. Those three positions were valued at about $6.26 million, with $114,300 in unrealized gains. xm39 also added about $1.64 million to a WTI crude oil long, bringing the position to about $1.65 million.