Apple Stock AAPL ($147) has been one of the best investments over the past 8 years. It is the major holding of Warren Buffet’s Berkshire Hathaway (BRK.A) and has produced billions of dollars of profits to his portfolio.
So, it is of some interest that I saw a report, the other day, that Michael Burry, the famous hedge fund manager, who starred in the movie, “The Big Short” just reported that his firm has purchased a significant number of “Put” Options on Apple stock. There could be many reasons for this purchase, but it could also mean that Mr. Burry thinks Apple stock may be headed lower in the coming months. Of course, this is not investment advice, but something worth keeping an eye on in this volatile market.