From TokenPost · · 50s
Dell Trader Cuts On-Chain Position After Rebound
Dell trader slashed half its on-chain DELL position after shares rebounded 6% in after-hours trading.
In brief
Dell trader slashed half its on-chain DELL position after shares rebounded 6% in after-hours trading. A trader reduced its on-chain DELL long position by nearly half after Dell shares rose 6% following Super Micro Computer's revised quarterly outlook. Originally reported by TokenPost.
Dell Trader Position Cut
A trader with the largest on-chain DELL long position cut nearly half its exposure after Dell shares rebounded 6% in after-hours trading on Oct. 21.
Position Details
The reduction totaled $960,000 with a $6,300 loss on the closed portion, leaving the trader close to break-even on that part of the position.
Remaining Position
The trader still held 2,200 units valued at $1.08 million with an average price of $482 and an unrealized profit of $17,000.
What to remember
A trader reduced its on-chain DELL long position by nearly half after Dell shares rose 6% following Super Micro Computer's revised quarterly outlook.
