Megan FoxAug 15, 2023

Not only is the Big Short guy (yes, that guy) betting heavily against the market again, but he's so confident about it that the contract value is 1.6 billion, or seen another way,

fully 93% of his entire investment portfolio.

EDIT: though the source is really fishy.
https://www.moneycontrol.com/news/business/markets/the-big-short-take-2-michael-burrys-1-6-billion-short-bet-against-sp-500-nasdaq-100-11189541.html #Finance #investments #money

'The Big Short' Take 2: Michael Burry’s $1.6 billion short bet against S&P 500, Nasdaq 100

Michael Burry’s Scion Asset Management held puts with a total contract value of $886 million against SPDR S&P 500 ETF shares, and another $739 million against Invesco QQQ Trust ETF, Reuters reported citing securities filings.

Moneycontrol
Show threadDan Shick
@glassbottommeg “according to a verified Twitter account by the name of ‘Michael Burry Stock Tracker’”. so meaningful these days.
Aug 15, 2023 at 5:17amWeb
Show threadMegan FoxAug 15, 2023

@datn I really wonder if that's fake.

Using Twitter to manipulate markets would be a somewhat new use of Twitter ads / Blue, heh.

Show threadDan ShickAug 15, 2023
@glassbottommeg well, I checked after you posted, and it seemed that there were other more reliable outlets citing more reliable sources, but I didn’t want to be a reply guy so I shut up about it :)
Show threadMegan FoxAug 16, 2023
@datn ah, thanks anyways! Good to know it wasn't fake