SK Hynix fell more than 9.6% on July 13, according to monitoring by ai_9684xtpa, putting pressure on a trader previously described as “smart money” after the address had made more than $5.293 million from long and short U.S. stock trades. The address is now giving back part of those gains.
The trader currently holds two 2x leveraged long positions in the memory sector. One is a Micron Technology (MU) long worth $9.41 million, with an entry price of $1,005.1 and a current unrealized loss of $620,000. The other is a SK Hynix (SKHX) long worth $8.85 million, opened at $1,494.5 and now showing an unrealized loss of $1.18 million.
Combined, the two stock longs are sitting on about $1.8 million in unrealized losses, based on the figures cited in the monitoring update.
SK Hynix shares fell more than 9.6% on July 13, according to monitoring by ai_9684xtpa, as a trader previously described as “smart money” began giving back part of profits made from U.S. stock long and short trades.
The address had earlier posted cumulative gains of more than $5.293 million from those trades.
Two memory-sector longs are now underwater
The address is currently holding two long positions in memory-related stocks. Its 2x leveraged long in Micron Technology (MU) is valued at $9.41 million, with an entry price of $1,005.1, and is showing an unrealized loss of $620,000.
Its 2x leveraged long in SK Hynix (SKHX) is valued at $8.85 million, with an entry price of $1,494.5, and is currently down $1.18 million on paper.
The two stock longs together are now carrying about $1.8 million in unrealized losses.
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