'Big Short' investor Michael Burry, the man who predicted the 2008 housing collapse, dumped these 5 stocks from his portfolio in the third quarter · The One Hot News

Michael Burry, whose famous bet against the housing market in 2008 was depicted in "The Big Short" movie, dumped all, or some, of his holdings in five stocks from his portfolio in the third quarter this year. "Big Short" money manager Michael Burry ditched about 50% of his bullish options positions in Alphabet and Facebook in the third quarter, according to a 13F filed with the SEC this week. An advantage to holding calls is the owner can choose whether or not to exercise that right to buy if the stock is trading more cheaply than the one predetermined in the options contract.

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