For the financially uninitiated, this means a billionaire financing expert is willing to bet 93% of all the money he has in stock markets that SHTF there, and soon.
MB is an Oracle. Dude has functional Aspergers. He is fearless, because his mind doesn't process fear like normal humans do. He is free from most irrational emotion which sets his mind free to become a living quantum computer. I was following him BEFORE the 2008 crash. He was crying foul in 2006-2007. If he puts 1.6 Billion in play … dont bet against him. Just dont. Its a very bad idea.
$886mm is 2mm shares represented by options x SPY price. ($443 as of June 30, 2023).
they might be $300 strike price in December. Those trade for $.78. So his actual investment in those puts is $1.5mm, not the $886mm. 13F reporting quirk.
I believe options trader call them 'units'
They might be long on individual stocks as a hedge fund, but then they will buy cheap 25% out of the money puts [units] as an insurance policy in case of a major correction or downturn
That guy said “might be” … It “might be” a strike of $900 that expires next week.
MB is likely not going to STRIKE more than 80% of current Close, and wont risk pissing away monster premium decay. I for one would love to know what it actually is.
A look back at The Big Short when Michael Burry was buying Credit Default Swaps.
Note: Right now he is not buying Credit Default Swaps, we are much farther ahead than that. He is putting his whole capital on the line to short NASDAQ and S&P 500
Gold and silver and crypto will still matter, you just want to get away from the city where you have runaway "joggers" burning down homes and businesses.
If he shorted the market, that means he borrowed shares of the market indexes and sold them immediately in anticipation of the price going lower in the future. If the stock market crashes, he can buy them up for cheap and make profit.
However I'm not exactly sure if he did this because if it's leveraged then it'll be more complicated than this.
For the financially uninitiated, this means a billionaire financing expert is willing to bet 93% of all the money he has in stock markets that SHTF there, and soon.
MB is an Oracle. Dude has functional Aspergers. He is fearless, because his mind doesn't process fear like normal humans do. He is free from most irrational emotion which sets his mind free to become a living quantum computer. I was following him BEFORE the 2008 crash. He was crying foul in 2006-2007. If he puts 1.6 Billion in play … dont bet against him. Just dont. Its a very bad idea.
Whoa. Wait. This is the schizo that predicted the housing crisis in 2008 and made billions off it.
Yep, that's the guy
https://files.catbox.moe/he4yax.mp4
The Big Short (2015) - Dr Michael Burry analyzes Subprime MBSs (Feat. Margot Robbie) [HD 1080p]
https://www.youtube.com/watch?v=-OzBI2r0Xb8
I just watched the movie an hour ago. If he was depicted accurately, this is big.
That is correct my good sir.
I'm seeing posts saying this is not what he did
https://twitter.com/fundiescapital/status/1691129332398206976?t=k7LIQAGpiDbVvLGJShclKA&s=19
$886mm is 2mm shares represented by options x SPY price. ($443 as of June 30, 2023).
they might be $300 strike price in December. Those trade for $.78. So his actual investment in those puts is $1.5mm, not the $886mm. 13F reporting quirk.
"notional" value is what that is called ;-)
I believe options trader call them 'units' They might be long on individual stocks as a hedge fund, but then they will buy cheap 25% out of the money puts [units] as an insurance policy in case of a major correction or downturn
That guy said “might be” … It “might be” a strike of $900 that expires next week.
MB is likely not going to STRIKE more than 80% of current Close, and wont risk pissing away monster premium decay. I for one would love to know what it actually is.
A look back at The Big Short when Michael Burry was buying Credit Default Swaps.
Note: Right now he is not buying Credit Default Swaps, we are much farther ahead than that. He is putting his whole capital on the line to short NASDAQ and S&P 500
https://files.catbox.moe/he4yax.mp4
Love that movie
when do the options expire?
Don't know, haven't seen that yet.
If SHTF then the stock market won’t matter. Only thing that will matter is food fuel ammo and etc
Gold and silver and crypto will still matter, you just want to get away from the city where you have runaway "joggers" burning down homes and businesses.
If it collapses that bad who would be leftto pay him what he is due? Again, financially illiterate here.
If he shorted the market, that means he borrowed shares of the market indexes and sold them immediately in anticipation of the price going lower in the future. If the stock market crashes, he can buy them up for cheap and make profit.
However I'm not exactly sure if he did this because if it's leveraged then it'll be more complicated than this.