Preet Banerjee explains that put option "bet" by Micheal Burry which had led to those sensationalist headlines recently
https://youtu.be/SFjfRyzjOiM
#PutOptions #StockMarketCrash #TheBigShort

The markets keep going lower, I write more #putoptions - laddering is a very VERY aggressive strategy when wheeling or doing #coveredshortstrangle. So do what I do and calculate an acceptable #R/R