Michael Burry - Scion Asset Management Options Holdings (Q2 2021)
As of Jun 30, 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), Meta Platforms, Inc. (META), iShares 20+ Year Treasury Bond (TLT). 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 |
|---|---|---|---|---|---|
| Q2 2021 | TSLA | Tesla, Inc. | PUT | 1,075,500 | $731,017.00 |
| Q2 2021 | META | Meta Platforms, Inc. | CALL | 941,200 | $327,265.00 |
| Q2 2021 | TLT | iShares 20+ Year Treasury Bond | PUT | 1,943,000 | $280,472.00 |
| Q2 2021 | GOOG | Alphabet Inc. | CALL | 91,900 | $230,331.00 |
| Q2 2021 | MCK | McKesson Corporation | CALL | 682,400 | $130,502.00 |
| Q2 2021 | KHC | The Kraft Heinz Company | CALL | 1,424,800 | $58,103.00 |
| Q2 2021 | WMT | Walmart Inc. | CALL | 378,600 | $53,390.00 |
| Q2 2021 | CAH | Cardinal Health, Inc. | CALL | 857,700 | $48,966.00 |
| Q2 2021 | CVS | CVS Health Corporation | CALL | 525,300 | $43,831.00 |
| Q2 2021 | ARKK | ARK Innovation ETF | PUT | 235,500 | $30,799.00 |
| Q2 2021 | TBT | ProShares UltraShort Lehman 20 | CALL | 516,100 | $9,718.00 |
Note: Notional value represents the total exposure of the options position.