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Title: Michael Burry Bets Against Cathie Wood's Ark, Adds To Tesla Puts
Source: [None]
URL Source: https://www.zerohedge.com/markets/m ... thie-woods-ark-adds-tesla-puts
Published: Aug 16, 2021
Author: Tyler Durden
Post Date: 2021-08-16 15:29:51 by Horse
Keywords: None
Views: 38

Michael Burry is going guns blazing against some of the most prominent bubble names of this generation.

Poster Comment:

Michael Burry made a fortune when he bet against the Subprime mortgage market. In the movie version they went to Florida and found a stripper with 5 home mortgages who did not realize she could lose money flipping houses. They met a couple of salesmen who were accepting NINJA mortgage applications. (No Income No Job Applications.)

Put options are in the money when the stock price is below the strike price at expiration. The put owner may exercise the option, selling the stock at the strike price. ... If the stock price is above the strike price at expiration, the put is out of the money and expires worthless.

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