A whale trader being tracked for large short-term bets in U.S. technology and semiconductor stocks is currently holding only two long contract positions, both tied to the optical interconnect segment: about 16,800 LITE contracts on 3x isolated margin worth roughly $14.847 million at an average entry price of $904.2, and about 49,300 MRVL long contracts worth around $10.837 million at an average entry price of $222.3. The two positions are valued at about $25.683 million in total and show a combined unrealized loss of about $428,000, a sharp improvement from the deeper losses reported earlier. Historical trading data shows the address has completed 21 rounds of contract trading, with 14 wins and 7 losses for a win rate of about 67%, and an average holding period of 16 hours and 43 minutes. Twenty of those trades were longs and only one was a short, with the trader mainly taking short-term positions worth tens of millions of dollars in U.S. tech and semiconductor names; MU has been the most frequently traded ticker. The address has accumulated about $4.838 million in contract profit, with its biggest single gain previously coming from a SKHX long that earned about $5.361 million. Lumentum reported earnings after the U.S. market close on Aug. 11 Eastern time, beating market expectations on both revenue and adjusted earnings per share and issuing next-quarter guidance above expectations. After the results, LITE rose in premarket trading and was last at $884.3, up about 9.3% over 24 hours, while MRVL was at $220.2, up about 5.6%.