"Precision shorting" NVIDIA, a trader made a profit of $6.5 million in one day, then suspected of locking in profits

Wallstreetcn
2024.07.17 22:13
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Earlier on Tuesday, 60,000 put spread contracts with a strike price of $119/$115 were bought, with a total cost of approximately $1.23 million. In the early trading session on Wednesday, about 58,000 of the same spread contracts were traded in one go at a price of around $7.83 million. Market participants indicated that this transaction appears to be a closing position. If it was the same trader, their total profit would exceed $6.5 million