Michael Burry Cuts Caterpillar Put Position by 75% After Nearly Fourfold Gain
Burry said he reduced his bearish CAT position by 75% after his put options gained nearly fourfold, while retaining a smaller position.
Caterpillar Inc. (CAT) shares drew attention as famed investor Michael Burry revealed he had reduced his bearish position in the construction equipment maker by 75%. Burry said his put options had gained nearly fourfold, prompting him to lock in most of the profits while retaining a smaller positio…