Back

Trader CBB Posts $2 Million to tradeXYZ, Holds $20 Million Micron Short

Arkham states that trader CBB0FE added another $2 million to tradeXYZ while the account’s largest disclosed position, a $20 million short on MU, was down about $3 million amid roughly $15 million in losses.

Summary

Arkham reported that trader CBB0FE deposited another $2 million to tradeXYZ to fund stock perpetual contract trading. The account’s largest disclosed position is a $20 million short on MU, which was down about $3 million at the time of the report. Arkham also said the trader had lost about $15 million on stock perpetual contract trading, while portfolio data showed losses of $14.49 million since the portfolio peak 40 days earlier.

Terms & Concepts
  • Stock perpetual contract: A no-expiry derivative that lets traders take leveraged long or short exposure to an underlying stock-linked market without directly owning the asset.
  • Short: A bearish position designed to profit if the underlying asset’s price falls.
  • MU: The ticker symbol commonly used for Micron Technology, which is the underlying reference for the trader’s largest disclosed short position.