The post Is History Repeating? Michael Burry’s New Positions Raise Market Crash Speculations appeared first on Coinpedia Fintech News
Michael Burry, famous for his role in “The Big Short,” has reportedly taken bearish positions against the S&P 500 and Nasdaq 100 Index, according to recent securities filings.
In recent news, his Scion Asset Management purchased put options with a notional value of $739 million against the Invesco QQQ Trust ETF and separate put options with a notional value of $886 million against the SPDR S&P 500 ETF. Put options allow selling shares at a fixed price in the future and are often used to express a pessimistic view.
“Michael Burry just shorted the market with $1.6B”
Burry, who rose to fame for predicting the 2008 housing bubble collapse, has taken a substantial short position against the S&P 500 (tracked by SPY) and the NASDAQ-100 Index (tracked by QQQ), according to the Michael Burry Stock Tracker on social media. These positions
We współpracy z: https://coinpedia.org/news/is-history-repeating-michael-burrys-new-positions-raise-market-crash-speculations/
