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Title: Michael Burry Loads Up On $1.6BN Notional Worth Of S&P, Nasdaq Puts; Goes Long Japan
Source: [None]
URL Source: https://www.zerohedge.com/markets/m ... sp-nasdaq-puts-goes-long-japan
Published: Aug 14, 2023
Author: Tyler Durden
Post Date: 2023-08-14 21:19:50 by Horse
Keywords: None
Views: 27

After trading in and out of distressed US banks, Michael Burry appears to once again be turning bearish on the broader US market while hedging with a Japan long.

Poster Comment:

A put option gives you the right, but not the obligation, to sell a stock at a specific price (known as the strike price) by a specific time – at the option's expiration. For this right, the put buyer pays the seller a sum of money called a premium.

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