Micron (MU)-Linked Long Shows $3.12 Million Unrealized Loss

A trader’s $31 million long tied to Micron (MU) showed a $3.12 million unrealized loss on Nov. 6 after the MU-linked position’s quoted price rebounded to around $700. The trader opened the position at $775.25 before that quoted price fell 17%. The MU-linked position’s quoted price then reached $650, lifting the unrealized loss to about $5 million, before rebounding to roughly $700 and narrowing the loss to $3.12 million. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost