What A Story...
What A Story... Dear investor. This is like the movie; Michael Burry which they actually made a movie about him (The Big Short) is again all over the news. No matter where you look, investors will find an article about the amazing short position that was just disclosed. A filling with the Security Exchange Commission reveals a trade into (Put Options) totaling 886 million dollars, and another for 739 million dollars, both betting on a stock market crash. This is not only a high-risk trade, but a short-term position with very little room for adjustments. Keep in mind, options, are limited risk, but could expire worthless, therefore, potentially losing 100 % of all funds invested very quickly. Michael, a Wall Street legend, is well known for his strong conviction; in this case, it´s not just conviction, he´s almost all in...over 1.6 billion dollars. Mr. Burry had other choices in shorting stoc...