Michael Burry - Scion Asset Management Options Holdings (Q3 2020)
According to the SEC 13F filed on Nov 03, 2025, the Scion Asset Management portfolio disclosed options positions as of quarter-end Sep 30, 2025. These positions 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 12 call contracts and 0 put contracts across companies such as Alphabet Inc. (GOOG), CVS Health Corporation (CVS), Pfizer, Inc. (PFE). Options positions can signal strategies around hedging risk, enhancing leverage, or adjusting portfolio exposure during market shifts.
Options Positions
Showing 12 of 12 positions.
| Quarter | Symbol | Company | Option | Contracts | Notional Value |
|---|---|---|---|---|---|
| Q3 2020 | GOOG | Alphabet Inc. | CALL | 40,000 | $58,784.00 |
| Q3 2020 | CVS | CVS Health Corporation | CALL | 462,100 | $26,987.00 |
| Q3 2020 | PFE | Pfizer, Inc. | CALL | 416,600 | $15,289.00 |
| Q3 2020 | GS | Goldman Sachs Group, Inc. (The) | CALL | 73,600 | $14,791.00 |
| Q3 2020 | META | Meta Platforms, Inc. | CALL | 45,000 | $11,786.00 |
| Q3 2020 | WDC | Western Digital Corporation | CALL | 270,000 | $9,869.00 |
| Q3 2020 | JPM | JP Morgan Chase & Co. | CALL | 86,000 | $8,279.00 |
| Q3 2020 | BAC | Bank of America Corporation | CALL | 342,300 | $8,246.00 |
| Q3 2020 | LVS | Las Vegas Sands Corp. | CALL | 153,000 | $7,139.00 |
| Q3 2020 | FL | Foot Locker, Inc. | CALL | 180,000 | $5,945.00 |
| Q3 2020 | WYNN | Wynn Resorts, Limited | CALL | 70,000 | $5,027.00 |
| Q3 2020 | PARA | Paramount Global | CALL | 86,000 | $2,409.00 |
Note: Notional value represents the total exposure of the options position.