25 Aug 2023 12:25 pm
Depends on the time duration of the puts and attendant premiums. If they are out of the money the fall may never hit his strike and he may never get ahead. If he bought them in the money the high premium may eat his profit. With puts being a wasting asset, it all depends on how long it takes the market to fall. Burry was way upside down (almost wiped out his fund) before the housing disaster finally put him in the money the last time.Fuelman » 18 Aug 2023, 9:45 am » wrote: ↑ The markets are struggling this week!
How much you think this guy is ahead with $1.6 billion in Puts?
It's easy to see how the global elite would cheer on/help precipitate a crash to generate sufficient fear porn to get dumb gamblers who loose 90% of their retirement betting on greedy Wall Street ****, to be begging for a global reset in which they own nothing except that which the communists/democrats wind up stealing from responsible, conservative, wealth-creators and non-gamblers, and handing to them.
Weirdly, just two nights ago The Big Short came up in our Netflix cue and neither my wife or I remember putting it in there. But we watched it again.