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Add as a preferred source on GoogleMicron (MU)-Linked Long Shows $3.12 Million Unrealized Loss
The $31 million long opened at $775.25 before the MU-linked position’s quoted price fell 17%, reaching a $650 low as the unrealized loss climbed to about $5 million.
A trader’s $31 million long tied to Micron (MU) showed a $3.12 million unrealized loss on Nov. 6 after the MU-linked position’s quoted price rebounded to around $700.
The trader opened the position at $775.25 before that quoted price fell 17%. The MU-linked position’s quoted price then reached $650, lifting the unrealized loss to about $5 million, before rebounding to roughly $700 and narrowing the loss to $3.12 million.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.