Answer:
sec.gov
Please note that, while the Investment Manager is including in this Form 13F owned call and put options in the manner prescribed by Special Instruction 11 and FAQ 44 (i.e., in terms of the securities underlying the options and not the options themselves), this is different than the actual value of the unexercised owned call and put options as reflected in the Investment Manager's books and records. Furthermore, please note that, consistent with the SEC's guidance, Investment Managers must report owned call and put positions regardless of the strike price (i.e., even owned call and put options which are out-of-the money must be included in the Investment Manager's Form 13F).
In other words, none of your business.
Considering that Burry also has (or had, who knows) puts on ARKK, he is likely ‘shorting’ TSLA via puts.
But the quoted language above deflates the notion that a lot of money is in play. He has to list the value of the shares on which the puts are based, a number which is surely much, much higher than the market value of the puts.
He’s taking a shot at a huge return, using the leverage puts give him.
Swinging for fences, while not exposing his fund too much, iow.
Probably getting burned.
For now.
But if he scores, Mama Mia!
Sold all my TSLA months ago, to my chagrin, despite a healthy profit. If held, would now be an obscene profit.
Story of my investing life. |
