BREAKING 🚨: Michael Burry just shorted the market with $1.6B Bought $890M of $SPY Puts Bought $740M of $QQQ Puts This now makes up 93% of his entire portfolio Look out below. - The Great Awakening

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BREAKING 🚨: Michael Burry just shorted the market with $1.6B Bought $890M of $SPY Puts Bought $740M of $QQQ Puts This now makes up 93% of his entire portfolio Look out below. (twitter.com)

posted 1 year ago by CoolAsACucumber 1 year ago by CoolAsACucumber +207 / -0

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– Greatheart 1 point 1 year ago +2 / -1

SQQQ is a 3x leveraged eft that is SHORT the QQQ. Buying puts in SQQQ is a bullish position on the market not bearish.

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– CoolAsACucumber [S] 8 points 1 year ago +8 / -0

The Puts are on QQQ

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– Greatheart 7 points 1 year ago +7 / -0

T:hat's what I get for reading this on my phone in dark mode. Sorry about that

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