Tag: wager

Oil Traders Wager on $250 Price by June as War Risk Escalates

(Bloomberg) — Oil traders piled into more than 3 million barrels worth of options contracts in a bet that prices would spike to $250 a barrel by June as geopolitical risks remain elevated. Most Read from Bloomberg About 3,000 lots of June $250 call options in US crude traded for a penny each on Tuesday, […]

Michael Burry Adds to China Big Tech Wager as Stock Rout Deepens

(Bloomberg) — Michael Burry, the money manager made famous in the Big Short, added to wagers on Chinese tech giants Alibaba Group Holding Ltd. and JD.com Inc. in recent months even as a rout in Chinese shares deepened. Most Read from Bloomberg Alibaba is now Scion Asset Management’s top holding after Burry’s investment company boosted […]

Michael Burry Adds to China Big Tech Wager as Stock Rout Deepens

(Bloomberg) — Michael Burry, the money manager made famous in the Big Short, added to wagers on Chinese tech giants Alibaba Group Holding Ltd. and JD.com Inc. in recent months even as a rout in Chinese shares deepened. Most Read from Bloomberg Alibaba is now Scion Asset Management’s top holding after Burry’s investment company boosted […]