Michael Burry, who founded Scion Asset Management, appears to have placed a large proportion of the fund’s assets at risk.

  • Overzeetop@lemmy.world
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    1 year ago

    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.

    • SirMechsALot@lemmy.world
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      1 year ago

      I don’t understand what you mean but I assume big money man knows how to make smart money choices.