The clickbaity titles are very misleading though. He didn’t bet $1.6B against the market, but it’s just that the value of the underlying shares ($QQQ and $SPY) against which he’s betting using puts are worth that amount. The puts themselves should be worth way less. Those puts still make up a combined 93.59% of his portfolio 🔥
Burry also got out of regional banks and Chinese stocks.
(Source: CNN)
Yep but he still had them as of 6/30 and it’s still a very large bearish trade.