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Add as a preferred source on GoogleMichael Burry Cuts 75% of His Caterpillar Bearish Position
The put options tied to the equipment maker had roughly quadrupled in value.
Michael Burry said he reduced his bearish position in Caterpillar Inc. (CAT) by 75% after put options on the equipment maker roughly quadrupled in value.
Caterpillar was among the other bearish positions Burry kept when he made a 25% cut to his VanEck Semiconductor ETF puts.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.