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.