Hacker News new | ask | show | jobs
by nostromo 1866 days ago
> As of March 31, Burry owned 8,001 put contracts, with unknown value, strike price, or expiry, according to the filing.

You can't figure out his position with this information.

For example, you could buy very, very out-of-the-money puts for a penny. (Your bet would basically be: TSLA loses 95% of it's value in the next week.) My total value at risk for this bet (of 8,001 put contracts) would be $80.

1 comments

*Small correction - the minimum value of 8000 put contracts would be $8000, since one put at a price of $.01 actually costs $1 and controls 100 shares of stock (the price is price per share)