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Micheal Burry's large put option bet
Posted on 8/20/23 at 7:36 am
Posted on 8/20/23 at 7:36 am
Here is an article on his latest 13-F filing. He recently took large put option positions on the SPY and QQQ's. Would love to know the strikes and expiration dates on these positions.
LINK
LINK
5
Posted on 8/20/23 at 7:40 am to Longdriver98
Also took out puts on the DAX
Posted on 8/20/23 at 9:23 am to hombreman9
I wonder if he will finally be right.
Posted on 8/20/23 at 10:23 am to Longdriver98
In January, he wrote to his 1.4 million Twitter followers: "Sell."
Oops.
At the end of the quarter (with SPY up 7.5% and QQQ up 21.3%), he wrote on Twitter: "I was wrong to say sell."
Burry's a smart guy, but he's trying to time the market.
It's a coin flip.
Oops.
At the end of the quarter (with SPY up 7.5% and QQQ up 21.3%), he wrote on Twitter: "I was wrong to say sell."
Burry's a smart guy, but he's trying to time the market.
It's a coin flip.
Posted on 8/20/23 at 10:26 am to RoyalWe
Too many people getting caught up in the macro environment this year with it all looking negative.
The micro environment however (such as AI) has driven valuations upwards this year.
The micro environment however (such as AI) has driven valuations upwards this year.
Posted on 8/20/23 at 10:38 am to Longdriver98
The book, The Big Short and movie, made too many people turn to activist sell side traders. These guys have no experience whatsoever.
It is so damn hard to time and execute a bet on market swings. Some will get it right and luck will be their key driver.
Puts should be used strategically to protect downside risk to market exposure. When you start gambling with macroeconomic conditions, you rely on the luck of timing.
He caught lightening in 2008. The current situation is not like 08. Now, a bloated federal balance sheet, rising rates, real inflationary pressure are a trifecta that will be tough to manage.
I am positioned for a downturn but I am not trying to capitalize on it - I am protecting against it.
It is so damn hard to time and execute a bet on market swings. Some will get it right and luck will be their key driver.
Puts should be used strategically to protect downside risk to market exposure. When you start gambling with macroeconomic conditions, you rely on the luck of timing.
He caught lightening in 2008. The current situation is not like 08. Now, a bloated federal balance sheet, rising rates, real inflationary pressure are a trifecta that will be tough to manage.
I am positioned for a downturn but I am not trying to capitalize on it - I am protecting against it.
This post was edited on 8/20/23 at 10:43 am
Posted on 8/20/23 at 10:49 am to TDTOM
Dude got one thing right in 2008 and everybody thinks he is some kind of investing savant. This will be his latest failure after trying to short Tesla and getting his arse handed to him.
Posted on 8/20/23 at 11:23 am to Longdriver98
quote:
Would love to know the strikes and expiration dates on these positions.
Rest assured he did this in the form of a spread. So he is most likely hedged.
I would like to know the strikes too.
This post was edited on 8/20/23 at 11:27 am
Posted on 8/20/23 at 3:28 pm to frogtown
Would be interesting to know if he sold any puts under his purchases as well. Would a great tell to his opinion of how he thinks its going to fall.
Posted on 8/20/23 at 4:58 pm to Longdriver98
The article is so poorly written it hurts my head.
The $1.6 billion is the net market exposure of the position. He didn't pay $1.6 billion in premium...
The $1.6 billion is the net market exposure of the position. He didn't pay $1.6 billion in premium...
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