Trader Loracle shorts SanDisk with 10x leverage, sitting on an unrealized loss of about $3.7 million.

BlockBeats news, October 4th, according to TradingBeats monitoring, the Loracle address (starting with 0xefe4) currently holds approximately 15,800 shares of SNDK short positions, with 10x leverage, an average position price of about $1,485.67, a current position value of about $27.2 million, an unrealized loss of about $3.7 million, and a position return rate of about -135%.

The address continuously increased its SNDK shorts in mid-August, with the short position size once increasing to about 17,200 shares. As SNDK surged in late September, its intraday unrealized loss on the short position once expanded to about $6.7 million, then narrowed somewhat as the stock price pulled back.

According to BIT (bit.com) market data, as of the latest close, SNDK was reported at about $1,717, up about 15.6% from the address's average position price.