Whale with $10 Million Long Position on Google Ahead of Earnings Closes Out at $740,000 Loss

TechFlow news, July 23, according to Hyperinsight monitoring, the GOOGL long position holder (0xC8b) disclosed last night continued to add positions after the report. From 22:00 on July 22 to 4:00 early this morning, they cumulatively opened 38,800 GOOGL longs, with a size of approximately $13.5578 million, at an average price of $349.28; adding approximately $2.8978 million compared to the disclosure.

After the earnings report was released, the whale began reducing positions at 5:43 this morning, and closed all the aforementioned long positions 2 hours ago, at a closing price of $330.29, recording a loss of $737,000.

Alphabet's second-quarter revenue increased 24% year-over-year, and Google Cloud revenue increased 82% year-over-year; but the company raised its full-year capital expenditure guidance from $180 billion-$190 billion to $195 billion-$205 billion, and the stock price turned down in after-hours trading. As of press time, GOOGL contracts on Hyperliquid are temporarily quoted at $334.27, down 4.34% intraday.

The whale previously realized a profit of approximately $1.7178 million in the previous round of MU long positions. Currently, their only position has switched back to MU, going long 24,600 contracts with 3x leverage, with a position value of approximately $23.9561 million, an entry average price of $977.60, an unrealized loss of approximately $97,900, and a liquidation price of $354.91.