Large Trader Closes $46.3 Million in Tesla and Chip Longs, Opens Alphabet Position

A large trader closed about $46.3 million in Tesla and semiconductor long positions and opened a $44.4 million Alphabet (GOOGL) long, concentrating a large technology trade in one company. The closed positions covered Tesla, a DRAM index and SOXL, a triple-leveraged semiconductor exchange-traded fund. Together, they were valued at about $46.317 million. The new Alphabet position was roughly $1.9 million smaller than the combined value of the positions the trader exited. The trader entered the Alphabet position at an average price of about $345.865.

Source: TokenPost