James Wynn trims SP500 shorts after $599,000 bet, books $45 profit

Trader James Wynn closed 42.19 short positions worth about $312,600, but still holds 115.68 SP500 shorts worth roughly $857,600 as cumulative historical losses reached $23.4 million.

Summary

Trader James Wynn pared back his SP500 short exposure after opening 80.44 SP500 shorts worth about $599,000 yesterday, closing 42.19 of those positions for roughly $312,600 and realizing a $45 profit. He still holds 115.68 SP500 shorts worth about $857,600, which are showing an unrealized loss of $192. Onchain Lens said Wynn, identified by wallet 0x507...edb6, has cumulative historical losses of $23.4 million. Short positions are trades that profit if the underlying market falls.

Terms & Concepts
  • SP500 shorts: Bearish positions that gain if the S&P 500 falls.
  • unrealized loss: A paper loss on an open position not yet closed.