Add as a preferred source on GoogleJames Wynn Trims 50x S&P 500 Short With 94-Point Liquidation Gap
The position had an initial size of 160.134 contracts and about $1.21 million in notional value.
James Wynn reduced a 50x leveraged short tied to the S&P 500, whose displayed mark price was 93.898 index points below liquidation.
The displayed mark was 7,544.198 and the liquidation price was 7,638.096, a difference of 93.898 points. The mark matched the position’s listed average opening price of 7,544.198. The update described the reduction as occurring about an hour before it was posted.
The position’s initial size was 160.134 contracts, with notional value of about $1.21 million. The update listed about $1,329 in floating profit. Wynn’s account equity was about $29,500, and his cumulative profit over the prior week was about $24,400.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.