Burry's QQQ/SPY Puts

nitrene said:
If The Big Short was accurate, Burry is not a short-term trader but rather a fundamentalist investor. He was shorting housing way back in 2004-5 so he was extremely early and his investors were getting antsy about the monthly payments on his CDS' that were costing them money.

This market doesn't make any sense. Regional bank failures shouldn't be a catapult for the QQQ to rise 40+%. Its a world gone mad. Burry was shorting the market back then as well. He's a permabear that sees collapse everywhere around him. His Twitter handle is Cassandra so it should be no surprise.
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Dude hasn't made a dime in 10Y.

Now, no way to know the delta on those puts. He could be long dimes as portfolio prot hoping that the publicity on the position is self-fulfilling.
 
I would not trust what Burry/Scion declares in his 13F and wouldn't believe a word unless I saw his DTC.

That put position could be as small as $4MM notional.
 
vincentnyc said:
who care what he and other hedge fund does? do you have million or billion of dollar to trade like him? focus on your own account and your own trading strategy (if you have one), or if you have one focus on improving your trading strategy
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Agree
 
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