Business Blog: 'Big Short': Michael Burry bought bearish options against S&P, Nasdaq 100

Monday, August 14, 2023

'Big Short': Michael Burry bought bearish options against S&P, Nasdaq 100

Michael Burry's Scion Asset Management bought bearish put options against the S&P 500 and Nasdaq 100 indexes, according to the second-quarter regulatory filings released on Monday. The fund invested $739m in Invesco QQQ Trust ETF put options and $886m in SPDR S&P 500 ETF put options, conveying a right to sell shares at a fixed price and conveying a bearish opinion.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/BEXzAwa
via IFTTT
at
Labels: , , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

India extends coal import mandate for power to avoid blackouts

India extended a mandate to power plants to import coal until March as the driest August in more than a century pushed electricity demand to...