Whale’s 10x SOXL Short Tops $850,000 in Unrealized Profit as Chip Stocks Slide

AI-linked stocks fell this week as semiconductor shares led the decline, with the U.S. chip index down 6.72% in the latest session, BlockBeats reported.

TradingBeats tracks a leveraged SOXL short

TradingBeats monitoring showed the largest short position in SOXL on trade.xyz using 10x leverage to short 42,292 shares. The reported entry price was $103.262, and the position had more than $850,000 in unrealized profit at the time of the flash.

SOXL is a three-times leveraged long semiconductor-index ETF. The position size and profit were monitoring estimates and can change with market prices; BlockBeats did not provide an independently verifiable transaction record.

Read the original BlockBeats flash.