Tesla-linked contract activity turned volatile after the U.S. stock market opened, with the TSLA contract falling to $364.8, down about 1.3%. The move briefly pushed the price below the roughly $365.3 level seen when the Roadster launch event began, erasing the post-event gains for a time.
According to Odaily, one whale holding a TSLA short position worth about $10.5 million has now moved from an unrealized loss to an unrealized profit. The position had previously been down about $310,000, but is now showing an unrealized gain of roughly $66,000. The short has not been closed.
A separate whale on the long side was partially liquidated. Around 2,093 TSLA contracts were forcibly closed, with a value of about $764,000, resulting in a loss of roughly $27,800. That address still holds about 6,697 TSLA long contracts using 20x cross leverage, with a position value of about $2.45 million. The remaining position is showing an unrealized loss of about $84,000, and its liquidation price is around $361.8.
After the U.S. stock market opened, the TSLA contract fell to $364.8, down about 1.3%. The move briefly pushed it below the roughly $365.3 level seen when the Roadster launch event began, wiping out the post-event gains for a time.
According to Odaily, one whale is holding a TSLA short position worth about $10.5 million. That position had previously shown an unrealized loss of about $310,000, but has now turned into an unrealized profit of roughly $66,000. The position remains open.
Another whale's TSLA long position was partially liquidated. About 2,093 contracts were forcibly closed, with a value of around $764,000, resulting in a loss of about $27,800.
The address still holds about 6,697 TSLA long contracts with 20x cross leverage. The remaining position is worth about $2.45 million and is currently sitting on an unrealized loss of about $84,000. Its liquidation price is around $361.8.
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