Odaily Planet Daily reports, according to Onchain Lens monitoring, James Wynn (0x507...edb6) closed a portion of his SP500 short positions, realizing a profit of $45. Yesterday, the trader opened 80.44 SP500 short contracts worth approximately $5.99 million; today, he closed 42.19 SP500 contracts worth about $3.126 million. He currently holds 115.68 SP500 short contracts valued at approximately $8.576 million, with an unrealized loss of $192. Over the past month, Wynn has experienced multiple liquidations on his SP500 short positions and has continued to add to this position; his cumulative historical loss now stands at $23.4 million.
James Wynn closes part of his S&P 500 short position for a $45 profit amid a $23.4 million cumulative loss.
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Summary
James Wynn (0x507...edb6) executed a take-profit strategy by closing a portion of his S&P 500 short position, locking in a $45,000 profit. He opened 80.44 S&P 500 short contracts worth $599,000 yesterday and closed 42.19 short contracts valued at $312,600 today. Wynn still holds 115.68 short contracts worth $857,600, with an unrealized loss of $192,000. Despite ongoing losses, he continues his position-trading approach, adding to his position amid a cumulative loss of $23.4 million.
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