HUGE Bet by Burry…

Michael Burry, the investor famous for his success during the financial crisis, has revealed a new “Big Short” position. He has purchased put options on the S&P 500 and the NASDAQ, representing 2 million shares each. The notional value of these options is $1.5 billion, indicating a potential windfall if the market were to retest its lows from last year. Despite this new short position, Burry has also been buying undervalued stocks following his playbook. His concerns about the investment environment and the current market conditions may be driving his large hedge position.

https://www.dataroma.com/m/holdings.php?m=SAM