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

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.