Big Short Is A Big Miss
The Big Short’s Michael Burry has snagged 40,000 put options linked to $SPY (SPDR S&P 500 ETF Trust) and $QQQ (Invesco QQQ Trust) funds, crafting a whopping $1.6 billion short position against them ($26.5 million to anchor this position, with $1.6 billion reflecting the notional value). đŸ˜±
When the curtains were lifted on Burry’s new ‘Big Short’ in August, it was disclosed that these positions constituted over 90% of his portfolio. Yet, whether he’s clutching onto those positions is still shrouded in mystery.