xm39 expands crude-long, Nasdaq-short trades 173.8% to $48.2 million

xm39 continues to expand a strategy that is long WTI crude oil and short the Nasdaq. TradingBeats monitoring shows that since a major portfolio adjustment on Aug. 17, the two positions on Hyperliquid, a crypto derivatives trading platform, have grown from about $17.606 million to $48.209 million, an increase of roughly $30.6 million, or 173.8%. The WTI long rose from $7.299 million to $12.833 million after cumulative purchases of about $5.069 million. Following a 1.5% decline in WTI, xm39 added another $1.561 million at an average price of $85.38. The position's blended entry price is now $81.80, with an unrealized profit of about $535,000, roughly 7.6 times the previous level. The Nasdaq short expanded from about $10.307 million to $35.376 million, adding approximately $25.529 million in net exposure. It currently carries an unrealized profit of about $195,000, while repeated adjustments generated a further $250,000 in realized profit. The two positions have combined unrealized gains of about $730,000 and total profits of nearly $980,000 after realized gains are included. xm39 has placed about $10.6 million in take-profit orders between $89.39 and $90.42. Separately, xm39 continues to add to a losing Polymarket position on the proposition that the United States will invade Iran by 2027. It holds 1.5654 million Yes shares after investing about $364,600; the position is down about $106,300, or 29.1%, despite an additional purchase of about 254,000 shares. TradingBeats has launched a tool for real-time Hyperliquid data, including address tracking and analysis of large traders.

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