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Coin Edition 2023-08-15 18:36:00

Michael Burry Shorts Stock Market With $1.6 Billion Worth Put Options

The “Big Short” star Michael Burry has reportedly shorted the market with $1.6 billion. On August 14, it was reported that Scion Asset Management, under Burry’s direction, acquired put options worth approximately $739 million for the Invesco QQQ Trust ETF and separate put options valued at around $886 million for the SPDR S&P 500 ETF. The post Michael Burry Shorts Stock Market With $1.6 Billion Worth Put Options appeared first on Coin Edition .

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