According to BlockBeats , on August 5th, the largest pending order before SanDisk's earnings report came from a storage smart money account, 0x0ad, which had already completed profit-taking and liquidated its positions.
Last night, the address took profit on 3890.8 units of SNDK at an average price of approximately $1390, with a trading volume of approximately $5.408 million, realizing a profit of approximately $401,000, capturing approximately 8% of the SNDK price increase in this round.
The address subsequently placed two new buy orders at $1187 and $1300, planning to buy back 5952.3 units of SNDK, with a notional amount of approximately $7.5 million and a weighted average order price of approximately $1260. The order range is 9.9% to 17.8% lower than the current price.
If all orders are filled, the number of positions in the next round will increase by about 53% compared to the previous round, and the planned investment amount will also be 38.7% higher than the transaction amount of this round of closing, so as to restart a larger long position at a lower cost.
Completed transaction records show that since becoming highly active on June 25th, this address has profited from all 11 major trades in MU and SNDK, accumulating a net profit of approximately $2.83 million. Across all records, it achieved 14 wins out of 16 trades in MU and SNDK, a win rate of 87.5%, accumulating a net profit of approximately $5.634 million; in SNDK alone, it achieved 8 wins out of 9 trades, with its only loss being less than $1,000.
Additional data: SNDK is currently trading at $1443.6, up approximately 9.7% in the last 24 hours, with a trading volume of approximately $432 million and open interest of approximately $138 million. The hourly funding rate turned positive this afternoon and is currently around +0.0006%. SanDisk will release its earnings report and hold a conference call early tomorrow morning Beijing time.