Whale Closes Five Stock-Linked Shorts at a $220,000 Loss

A large trader closed five short positions tied to U.S. equity-linked contracts during a Nov. 4 rebound, losing about $220,000 on roughly $17.33 million in combined trading volume.

The positions covered contracts linked to SpaceX, Tesla, Amazon, Microsoft and Meta. The trader began shorting SpaceX and Tesla after those contracts had already fallen about 3.6% and 2.7%, respectively, then added positions tied to the other three companies.

SpaceX accounted for about $108,800 of the total loss and Tesla for $48,300. The Amazon short lost about $24,700, while the Microsoft and Meta positions lost roughly $21,400 and $16,800, respectively.

The SpaceX and Tesla shorts had average entry prices of $133.13 and $381.15. The trader covered them at average prices of $135.08 and $384.22, respectively, as the contracts rebounded.

The SpaceX and Tesla entry averages were about 1.1% and 0.7% above their respective morning lows. The Tesla short opened during the same minute its contract reached its morning low.