Large Traders Cut Nearly $19 Million in Nvidia Positions Ahead of GTC

Two large traders cut nearly $19 million in Nvidia-linked positions before the company’s GTC Berlin keynote, with one closing a substantial short and another sharply reducing a long. An account that held about $12.61 million in short positions in NVDA contracts on Tuesday had closed that position by Wednesday and held a roughly $359,000 long. A second large trader sold about $6.36 million of a long position, an 81% reduction, leaving about $1.49 million. Across 27 large accounts, net long exposure fell by about $571,000 since Monday.

Source: TokenPost