Could be something. Could be nothing. Michael Burry, hedge fund manager of Scion Holdings, and the man who predicted the 2008 housing crisis, characterized in the movie "The Big Short", just released data indicating that his firm bought 4,000,000 PUT options on the SP500 and Nasdaq. According to the Reuters article, the price per share and expiration dates were not indicated, so there are still questions involving when Mr. Barry expects to see results and how much he actually wagered against this bet.