META Short Position Is Valued at $6.85 Million Amid Meta’s $35 Billion Offering

A large trader’s META perpetual short grew to about $6.85 million after Meta announced a roughly $35 billion share offering, while META’s largest long trader added exposure. Meta’s offering includes $22.5 billion in common stock and $12.5 billion in mandatory convertible preferred stock. The company also plans a separate at-the-market stock issuance of about $60 billion. The short position increased by 4,213.37 positions after about $2.66 million in net selling, reaching 10,818.06 positions. It was valued at about $6.85 million, with an average entry price of $635.47 and an unrealized gain of about $22,800.

Source: TokenPost