Steve Sosnick, Interactive Brokers’ chief strategist, discusses the recent media coverage of shorting options positions in Tesla.
Michael Burry, the investor portrayed in the “Big Short” film about the 2008 financial crisis, has placed a bet against Elon Musk’s Tesla.
Sosnick walks through this much-publicized trading position and tells us what it all means.
This post originally appeared on May 18 on the Traders’ Insight blog.
Photo Credit: Steve Jurvetson via Flickr Creative Commons
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