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Burry of 'Big Short' fame reveals large bearish bet against Tesla


Burry of Big Short fame reveals large bearish bet against Tesla
05/18/2021 | 02:22pm EDT
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BERKELEY, Calif. (Reuters) -The family office run by Big Short investor Michael Burry has disclosed a large bearish bet via options on Tesla Inc.
Scion Asset Management said in a regulatory filing on Monday that it had put options on 800,100 shares in Tesla as of the end of the first quarter. Based on Tesla s closing price of $667.93 at the end of the first quarter the value of that many shares would be about $534 million.
Details on the strike price of the puts, their value and whether they are part of a broader trade were not available. Scion Asset Management did not immediately respond to a request for comment on the matter. ....

Cynthia Osterman , Henry Schwartz , Saqib Iqbal Ahmed , Edwina Gibbs , Hyunjoo Jin , Maiya Keidan , Exchange Commission , Scion Asset Management , Asset Management , Big Short , Fiat Chrysler , சிந்தியா ஒஸ்டேர்மன் , ஹென்றி ஸ்க்வார்ட்ஸ் , எட்வினா கிப்ஸ் , பரிமாற்றம் தரகு , வாரிசு சொத்து மேலாண்மை , சொத்து மேலாண்மை , பெரியது குறுகிய , ஃபியட் கிறைஸ்லர் ,