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Trader Loracle Takes $2M Profit on CBRS Short Position, Reduces Exposure After Nasdaq Listing Rally

GateNews

2026-05-18 05:29:31

CBRS0.47%

According to BlockBeats, on May 18, trader Loracle closed portions of his short position on CBRS (Cerebras) with profits near $2 million. The position size decreased from $11.3 million to $6.47 million overnight, with remaining unrealized gains of $1.52 million, representing 40% profit on the remaining open interest. Loracle entered the short trade following Cerebras’ Nasdaq debut and subsequent rally last week.

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