I brought this up a couple days ago(maybe yesterday, they blend) and no one seemed interested.
Burry is a numbers/fundamentals guy.
I bet on him being right again.
“no one seemed interested.”
I didn’t see it till today ...
he bought a lot of puts ....
so why didn’t the headline say ...
somebody sold a lot of puts ... the same bet as buying a call
sort of
every sell has a buyer ... every buy has a seller
I’m short ... have been for a while(ouch) , is now the time ?
I would bet on him being right again ... eventually.
Watching the Bidenistas playing with the US economy is like watching a baby playing with a loaded revolver, while being tied to a chair.
Eventually can take quite a while, though.
It must be $1.6 billion on the underlying asset.
If he paid for $1.6 billion in puts he is going to be the richest man in the world if this works out.
And I’m betting the Treasury and FRBs can devalue the currency faster than the market can fall.