The $ amount listed on 13F is NOT the premium value but rather the value of shares the position represents (100x multiplier)
Back out the 13F SPY value: $886mm/2mm = ~$443
He owns 20k SPY puts (2mm/100) likely worth $10's of millions
Back out the 13F SPY value: $886mm/2mm = ~$443
He owns 20k SPY puts (2mm/100) likely worth $10's of millions
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