Trader Faces Over $50,000 Loss from Leveraged Short Positions on SpaceX and Cerebras

A trader has incurred a floating loss exceeding $50,000 from leveraged short positions on SpaceX and Cerebras. According to Odaily, the trader used 3x leverage to short 9,220 shares of SpaceX, with a position size of $1.88 million. Simultaneously, the trader shorted 18,130 shares of Cerebras, also with 3x leverage, amounting to a position size of $5.63 million.