Michael Burry:
Yesterday I rolled my SOXX and QQQ puts at a debit, increasing my capital at risk in both cases. I executed both in roughly the same duration and strike range as previously disclosed. This roll was to recognize tax losses, and to add some short exposure, as I do believe we are witnessing a blowoff top. It is entirely possible that both go much higher, as has happened many times before. It is also possible that historic overvaluation exhibits some gravity.