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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (82763)	11/15/2023 8:25:00 PM
From: bull_dozer	Respond to of 96682

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To: bull_dozer who wrote (82763)	11/15/2023 8:26:30 PM
From: bull_dozer	3 Recommendations Recommended By ajtj99 Hayduke Lee Lichterman III Read Replies (2) \| Respond to of 96682

Nowadays every Tom, Dick and Harry is an expert in dishing out "finacial wisdom" on twitter even if they know nothing... and a few start watching the sky reading that xbage...<G> BREAKING 🚨: Michael Burry just shorted the entire SemiConductor sector Bought $47M of puts on $SOXX This makes up almost half of his entire portfolio. Look out below. pic.twitter.com/ed1ODcADko — Michael Burry Stock Tracker ♟ (@burrytracker) November 14, 2023 replies... You still don't know how to read options on his financial statements. Good lord dude. — Quailman (@thequailmane) November 14, 2023 Options read as 100X so divide those valuations by 100. Burry's puts are likely worth 2-5% of his portfolio, not 50% and these reports are months old anyway, he could easily have already closed those positions. — Quailman (@thequailmane) November 14, 2023 This is a terrible tweet and here’s why: 100k shares controlled in a listed SOXX put position w mkt val of $47.36m means that he bought 1000 put contracts marked when the stock was at $473.65 1000 contracts x 100 shares per contract x $473.65 share price = $47.365m This means… — Thlither (@0xthlither) November 15, 2023 Palindrome Grub < 82828 >