Fiber Optic Sector Surges Again as Whale Goes Long $25 Million on LITE, MRVL
August 12, according to TradingBeats monitoring, a whale with an address starting with 0xc8b currently holds only two contract positions, both of which are long positions in the optoelectronics sector:
It holds a 3x leveraged long position of 16,800 LITE contracts, with a position value of approximately $148.47 million, at an average entry price of $904.2; simultaneously, it holds a long position of 49,300 MRVL contracts, worth approximately $108.37 million, at an average entry price of $222.3. The total value of the two positions is approximately $256.83 million, with a total unrealized loss of about $0.428 million.
Historical data shows that this whale has completed a total of 21 trades, with 14 wins and 7 losses, a win rate of approximately 67%. The average holding period is 16 hours and 43 minutes. Out of these trades, 20 were long positions, with only 1 short position. It notably prefers short-term positions in the tens of millions of dollars range to long tech and semiconductor stocks, with MU being its most frequently traded target.
The cumulative profit from this address's contracts is approximately $4.838 million, with the largest profit coming from a long position in SKHX, earning approximately $5.361 million in a single trade.
It is reported that Lumentum released its financial report after the U.S. market closed on August 11. Both revenue and adjusted EPS exceeded market expectations, and the company provided better-than-expected guidance for the next quarter. Following the positive earnings report, the stock surged in after-hours trading. LITE on Hyperliquid is currently at $884.3, up approximately 9.3% in the past 24 hours; MRVL, also in the optoelectronics sector, is now at $220.2, up around 5.6% in the past 24 hours.
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