⁍ A large options player which some market watchers call the ‘Nasdaq whale’ unwound bets on several technology-related companies on Friday.

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⁍ The investor closed a position in a bullish call options spread on Adobe Inc ADBE.O at a loss of roughly $200,000.

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⁍ Adobe shares ended 1.4% lower at $467.55 as U.S. stocks fell broadly.

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– Some market watchers call it the “Nasdaq whale,” and on Friday, one of the biggest options players in the world was apparently one of them. The Wall Street Journal reports the so-called “whale” sold off large options positions in Amazon.com, Alphabet, and Netflix, all of which are part of the so-called “FANG” tech group. “These ‘whale’ tech unwinds continue to influence sentiment and put pressure on the FANG names,” an equity derivatives strategist at RBC Capital Markets tells Reuters. Shares of Amazon and Alphabet were down 1.8% and 2.4%, respectively, on Friday.