SOXL longs just took a $1.7M flush. Over the past 30 minutes, the major venues closed $1.7M of $SOXL long positions by force, bets on a higher price that ran out of collateral to cover the move against them.
The short side, traders positioned for a fall, saw only $15.5K liquidated in the same half hour. Almost the entire bill fell on buyers.
The count comes from the raw liquidation streams of the major venues.
The short side, traders positioned for a fall, saw only $15.5K liquidated in the same half hour. Almost the entire bill fell on buyers.
The count comes from the raw liquidation streams of the major venues.
