SK Hynix has extended its rally following its earnings report, with a smart money player that bought the dip capturing a 23% gain.
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According to TradingBeats monitoring, ahead of SK Hynix’s earnings release, a whale account on Hyperliquid built a bullish position in SKHX in two separate batches. The account currently holds all 1,500 long positions, valued at approximately $1.6595 million, with an unrealized profit of around $268,400, yielding a 57.9% return. On October 23, it first opened 1,000 SKHX long positions at an average price of $896.65; on the evening of October 26, it added to its position at $988.86, bringing the overall average entry price to $927.39. The total notional value of the two long trades is roughly $1.3911 million, using 3x isolated margin leverage. As the pre-earnings rally for SK Hynix persists, SKHX has strengthened further today, currently trading at $1,106.3, up about 6.63% from its earlier level of $1,037.5. The initial 1,000-position base has captured a 23.38% price gain; even with the subsequent higher-cost add-ons, the current price remains around 19.29% above the overall average entry price.
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