Trader Opens $29 Million in Leveraged Longs Across Three Chip Stocks

A large trader opened a combined $29.07 million in leveraged long positions across Sandisk, Marvell and SK hynix on Nov. 4, concentrating nearly $30 million in three semiconductor-linked stocks.

All three trades used 3x leverage. Sandisk (SNDK) was the largest position at about $14.81 million, with an average entry price of $1,123.31. It showed about $137,000 in unrealized gains at publication.

The Marvell (MRVL) position was about $7.92 million at an average entry price of $171.94, with an unrealized gain of about $78,600. The SK hynix (SKHX) position totaled about $6.34 million at an average entry of $1,043.20 and showed about $32,200 in unrealized gains.

The three opening amounts sum to $29.07 million. Sandisk made up slightly more than half of that value, while Marvell and SK hynix accounted for the rest. The listed gains were floating profits, a snapshot of the open positions rather than final returns. The positions were opened one after another, with the reported opening values spanning all three companies.