U.S. stocks rebound begins to liquidate short positions, a whale exits with a $17 million loss on a short bet.

November 4 - According to TradingBeats monitoring, a certain whale successively opened five short positions this morning during the decline of US stock-related contracts, and then fully covered them during the afternoon rebound. The transaction volume was approximately $17.33 million, with a total trading loss of about $220,000.

These short positions were established after the downward trend had begun. When the whale started shorting SpaceX and Tesla this morning, the two contracts had already fallen by about 3.6% and 2.7% respectively; afterward, it continued to add to shorts and opened new short positions in Amazon, Microsoft, and Meta.

Its final average opening prices for SpaceX and Tesla shorts were $133.13 and $381.15, respectively, only about 1.1% and 0.7% above the morning lows. Among them, the Tesla short position was opened exactly in the minute of the morning low.

As the market rebounded in the afternoon, the whale covered the SpaceX and Tesla short positions at average prices of $135.08 and $384.22, respectively, with losses of about $108,800 and $48,300; the Amazon, Microsoft, and Meta short positions also lost about $24,700, $21,400, and $16,800, respectively.