Michael Burry - Scion Asset Management Options Holdings (Q1 2021)
As of Mar 31, 2021, the Scion Asset Management portfolio disclosed options positions in its latest SEC 13F filing reported on Nov 03, 2025. These filings include call and put options tied to underlying equity holdings, providing a deeper look at the fund's use of derivatives for exposure and hedging.
The reported options activity included 8 call contracts and 3 put contracts across companies such as Tesla, Inc. (TSLA), iShares 20+ Year Treasury Bond (TLT), Alphabet Inc. (GOOG). Options positions can signal strategies around hedging risk, enhancing leverage, or adjusting portfolio exposure during market shifts.
Options Positions
Showing 11 of 11 positions.
| Quarter | Symbol | Company | Option | Contracts | Notional Value |
|---|---|---|---|---|---|
| Q1 2021 | TSLA | Tesla, Inc. | PUT | 800,100 | $534,411.00 |
| Q1 2021 | TLT | iShares 20+ Year Treasury Bond | PUT | 1,266,400 | $171,534.00 |
| Q1 2021 | GOOG | Alphabet Inc. | CALL | 80,000 | $165,490.00 |
| Q1 2021 | META | Meta Platforms, Inc. | CALL | 550,000 | $161,992.00 |
| Q1 2021 | TBT | ProShares UltraShort Lehman 20 | CALL | 2,536,000 | $55,133.00 |
| Q1 2021 | KHC | The Kraft Heinz Company | CALL | 1,174,800 | $46,992.00 |
| Q1 2021 | IWO | iShares Russell 2000 Growth ETF | PUT | 140,900 | $42,374.00 |
| Q1 2021 | CVS | CVS Health Corporation | CALL | 400,000 | $30,092.00 |
| Q1 2021 | NTAP | NetApp, Inc. | CALL | 300,000 | $21,801.00 |
| Q1 2021 | TTT | ProShares UltraPro Short 20 Yea | CALL | 100,000 | $4,577.00 |
| Q1 2021 | TMV | Direxion Daily 20-Year Treasury | CALL | 38,400 | $3,128.00 |
Note: Notional value represents the total exposure of the options position.