181244658
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181244658
commented on
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181244658
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Many headlines are stating that Michael Burry just bought $1.6 billion of $SPDR S&P 500 ETF (SPY.US)$ and $Invesco QQQ Trust (QQQ.US)$ puts.
However, this is very misleading as the real value of the puts he bought is much LOWER.
NOMINAL VALUE is reported, not the amount Burry paid for the puts.
Due to the way options are reported, this is a common misconception.
Calculated portfolio weighting for option...
However, this is very misleading as the real value of the puts he bought is much LOWER.
NOMINAL VALUE is reported, not the amount Burry paid for the puts.
Due to the way options are reported, this is a common misconception.
Calculated portfolio weighting for option...
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181244658 : that's amazing!