Trader Opens $29 Million in Leveraged Longs Across Three Chip Stocks
Photo: TokenPost
A large trader opened a combined $29.07 million in leveraged long positions across Sandisk, Marvell and SK hynix on Nov. 4, concentrating nearly $30 million in three semiconductor-linked stocks. All three trades used 3x leverage. Sandisk (SNDK) was the largest position at about $14.81 million, with an average entry price of $1,123.31. It showed about $137,000 in unrealized gains at publication. The Marvell (MRVL) position was about $7.92 million at an average entry price of $171.94, with an unrealized gain of about $78,600.
Source: TokenPost
