The Big Short investor Michael Burry bets $1.6bn on stock market crash
The Big Short investor Michael Burry bets $1.6bn on stock market crash
Michael Burry, who founded Scion Asset Management, appears to have placed a large proportion of the fund's assets at risk.
Michael Burry, who founded Scion Asset Management, appears to have placed a large proportion of the fund's assets at risk.
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I believe he has puts for a nominal stock value of 1.6b. That could be a 1M, 10M, or 100M in actual expenditure depending on his strike and expiry. The degenerates on wsb regularly place yolo calls or puts on millions or tens of millions in value for a few thousand dollars.
I don't understand what you mean but I assume big money man knows how to make smart money choices.
Big money man’s magic 8 ball was right once, but looks like lately the blue goo has drained out of it.