Public market data cited by BlockBeats shows that investor Michael Burry, often referred to as “The Big Short,” began shorting NVDA at about $198.09, AMAT at about $729.40, and SOXX at about $642.80 on June 30. In early July, he also directly shorted Micron at about $1,051.87, then added to bearish positions in Micron, Nvidia, and SOXX around July 24. As of the July 28 close in U.S. equities, the unrealized gain on the AMAT short was about 34.7%, compared with roughly 23.3% for SOXX, 22.0% for Micron, and 0.5% for Nvidia. Excluding position weights, the simple average unrealized gain on the short basket opened from late June to early July was about 20.1%. Using July 24 closing prices as an approximation for the added shorts, the unrealized gains by July 28 were about 10.9% for Micron, 4.8% for Nvidia, and 6.4% for SOXX, for a simple average of about 7.4%. The report added that actual profit cannot be calculated at this stage because details including short size, options structure, add-on ratio, and whether any positions have already been closed were not disclosed.
BlockBeats reported on July 29, citing public market data, that investor Michael Burry, known as “The Big Short,” began shorting NVDA at about $198.09, AMAT at about $729.40, and SOXX at about $642.80 on June 30. In early July, he directly shorted Micron at about $1,051.87. Around July 24, he added to shorts in Micron, Nvidia, and SOXX.
Paper gains as of July 28
By the close of U.S. trading on July 28, the unrealized gain on the AMAT short was about 34.7%. SOXX was at about 23.3%, Micron at about 22.0%, and Nvidia at about 0.5%.
Without taking position weights into account, the simple average unrealized gain for the short basket established from late June to early July was about 20.1%.
Approximate returns on the added shorts
Using July 24 closing prices as an approximation for the later additions, the unrealized gains by the July 28 close were about 10.9% for Micron, 4.8% for Nvidia, and 6.4% for SOXX. The simple average was about 7.4%.
Actual profit remains unclear
The report said actual profit cannot be calculated for now because information on the size of the short positions, options structure, add-on ratio, and whether any positions have been closed is still unavailable.
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