SKHX Long Position Swings From $3.13M Loss To $2.01M Profit

A $31M SKHX long position reversed from a $3.13M floating loss to a $2.01M gain after price recovered from $897.43 lows following earnings.

Woofun AI reports that a trader established a $31 million long position in SKHX at an entry price of $981.59, shortly after the release of SK Hynix's earnings report. The asset price subsequently declined to a low of $897.43, causing the position to incur a floating loss of $3.13 million.

The position has since recovered, shifting from the previous deficit to a current floating profit of $2.01 million as the price rebounded.