Trader Covers Nearly $9.7 Million in SanDisk, SOXL Shorts, Realizes $2.4 Million

A trader realized about $2.412 million by covering nearly all of a SanDisk short and reducing a SOXL short on Nov. 10. The two positions totaled about $9.69 million, and the SanDisk trade had been open since Oct. 15, about 25 days.

Nearly all of the SanDisk short, valued at $5.418 million, was covered at an average price of $885.80, producing about $1.446 million in realized profit. The trader also covered nearly 70% of a SOXL short valued at $4.272 million. That trade produced about $965,000 in realized profit at an average price of $54.18.

The account continued to hold short positions valued at about $5.761 million in Micron (MU), $3.491 million in Intel (INTC) and $2.058 million in SOXL. Those positions showed unrealized gains of about $747,000, $523,000 and $433,000, respectively. The Micron, Intel and SOXL shorts had average prices of $823.03, $67.44 and $66.42.

The account also held about $12.42 million in Bitcoin (BTC) shorts and $7.63 million in HYPE shorts, with unrealized gains of about $369,000 and $1.627 million, respectively. Its long position in Moderna was valued at about $3.177 million, with an average entry price of $207.66 and an unrealized gain of about $731,000, or a return of about 89.6%.