SanDisk earnings approach, bulls exit positions worth over $11 million

Odaily News: SanDisk will release its fiscal fourth quarter and full year results at 4:30 AM Beijing time on August 6. Among addresses holding positions valued at over $1 million, the long/short ratio by count stands at 0.75:1; by value, the ratio is approximately 0.72:1, with short positions exceeding longs by about $8.517 million.

Four early longs have net reduced their positions by a combined 8,321.8 SNDK contracts today, equivalent to approximately $11.111 million at current prices:

- The address starting with 0x1367 opened 6,000 long contracts overnight and has already halved its position today;

- 0x0ad9 has net reduced by 1,935 contracts and still holds approximately $5.193 million in long positions;

- 0x364a has fully closed its 1,700.1 long contracts, realizing a profit of approximately $173,000;

- 0xdb09 has net reduced by 1,686.8 contracts but retains approximately $6.228 million in long positions.

Meanwhile, the largest current short, 0xefe, remains short 7,503.8 SNDK contracts, with a position value of approximately $10.015 million and an average entry price of $1,311.9. After multiple rounds of trading today, it has added 214.1 net short contracts.