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Michael Burry’s Scion Asset Management held puts with a total contract value of $886 million against SPDR S&P 500 ETF shares, and another $739 million against Invesco QQQ Trust ETF, Reuters reported citing securities filings.
How Redditors propelled GameStop to $26bn in war with Wall Street Short sellers have lost $5bn after Reddit traders collectively backed what has become known as a ‘meme stock’ 28 January 2021 • 4:50am GameStop has been hit by the pandemic, but seen shares climb to an all-time high Credit: AP In a sleepy mall in the suburbs of Washington DC, the GameStop store stands out. On what would usually be a quiet Wednesday morning, made quieter still by the pandemic, a steady trickle of customers has been coming in and out. GameStop is in the business of selling shrink-wrapped video games on ...