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Super Micro revises guidance upward, driving Dell’s rebound; on-chain DELL largest long cuts position by nearly half amid the rally

BlockBeats reports:October 21, Super Micro Computer raised its preliminary quarterly revenue and gross-margin forecasts, driving Dell (DELL) shares up by approximately 6%in after-hours trading. According to TradingBeats monitoring, the DELL largest long, which had continued averaging down during the decline, reduced approximately 960000 USD of its position early this morning during this rebound, nearly half of its original holdings. The reduced portion realized a combined loss of approximately 6300 USD, effectively exiting near breakeven.

Currently, this whale still holds 2200 DELL long contracts, with a position value of approximately 1080000 USD and an average entry price of approximately 482 USD, using 4 x isolated leverage. The remaining position has an unrealized profit of approximately 17000 USD.

Original link https://m.theblockbeats.info/flash/372915