Semiconductor short seller covers SanDisk and SOXL positions, retains several shorts
BIBIBI
AT A GLANCE
A whale reportedly closed nearly all of its SanDisk short position and covered nearly of its SOXL short position, but retained several other short positions. The figures have yet to be verified.
Article
Semiconductor short seller cuts nearly in USD positions, concentrated in SOXL and SanDisk
BlockBeats news,November 10, according to TradingBeats monitoring, a whale who began shorting SanDisk on October 15 closed nearly all of the SanDisk short position early today after holding it for approximately 25 days, while also substantially reducing a position in the 3x short semiconductor ETF SOXL. The trades generated combined realized profits of approximately 2412000 USD.
Nearly the entire SanDisk short position was covered, with a position size of 5418000 USD, generating a profit of approximately 1446000 USD at an average closing price of 885.8 USD；SOXL Nearly of the short position was covered, with a position size of 4272000 USD, generating a profit of approximately 965000 USD at an average closing price of 54.18 USD.
After taking profits, the whale still retains short positions in the memory and semiconductor sectors. The main remaining positions include:
- Micron (MU): short position valued at approximately 5761000 USD, at an average price of 823.03 USD, with an unrealized profit of approximately 747000 USD;
- Intel (INTC): short position valued at approximately 3491000 USD, at an average price of 67.44 USD, with an unrealized profit of approximately 523000 USD；
- SOXL: short position valued at approximately 2058000 USD, at an average price of 66.42 USD, with an unrealized profit of approximately 433000 USD.
On the long side, the address still holds approximately 3177000 USD in a Moderna long position, with an average entry price of 207.66 USD, an unrealized profit of approximately 731000 USD, and a position return of approximately 89.6%.
It also holds approximately 12420000 USD BTC in a short position and 7630000 USD HYPE in another short position, with unrealized profits of approximately 369000 USD and 1627000 USD, respectively.
Original article link:https://m.theblockbeats.info/flash/376466
Key points
01
BlockBeats cited TradingBeats monitoring as saying that a whale who began shorting SanDisk on October 15 closed nearly all of the position after approximately 25 days and substantially reduced its SOXL short position.
02
The report said the SanDisk short covering amounted to approximately 5418000 USD, generating a profit of approximately 1446000 USD；SOXL Nearly was covered, amounting to approximately 4272000 USD, generating a profit of approximately 965000 USD。
03
The report put the combined realized profits from the trades at approximately 2412000 USD。
04
The remaining short positions listed in the report include approximately 5761000 USD in Micron, approximately 3491000 USD in Intel, and approximately SOXL in 2058000 USD。
05
The report said the address also holds approximately 3177000 USD in a Moderna long position, as well as approximately 12420000 USD BTC in a short position and 7630000 USD HYPE in another short position.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The report describes one account reducing some bearish positions and realizing some profits, not exiting all of its shorts. The SanDisk short was almost entirely closed, while the SOXL short was only partially covered; the report also listed other short positions and a Moderna long. Realized profits should be considered separately from unrealized profits on remaining positions.
Why it matters to readers
This provides an example of a large account adjusting its positions, but the evidence concerns only a single account and gives no information about overall market positioning or price reactions. It therefore cannot establish that the semiconductor sector has changed direction.
It is important to distinguish between reducing a short position and opening a long position: the SanDisk and SOXL trades described in the report involved short covering, not new long positions; unrealized gains are not the same as realized profits.
Risks and unknowns
The original article did not provide the specific account address, transaction records, or monitoring methodology, so its position and profit-and-loss figures cannot be independently verified from the article.
The original article described SOXL as a “3x short semiconductor ETF” while also describing a short position in it and subsequent covering. The characterization of the product's direction and the account's position direction requires verification.
The individual profits were approximately 1446000 USD and 965000 USD, which sum to 2411000 USD, differing from the reported combined total of approximately 2412000 USD. It is unclear whether the difference is due to rounding.
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The original article did not specify the calculation methods for position values, average prices, or returns, and provided no evidence of the trades' impact on market prices.
Related concepts
Short positions
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