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I can find extreme Nvidia puts on robinhood for 2 cents right now. So risking ~$2 of actual money gets you ~$20,000 notional 13F value.

So the claim "$187.6 million in puts on Nvidia" potentially means "Burry risked a total of $18,760 betting against Nvidia" in reality.

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What do you mean by "potentially means"? I am quiet new to this and the financial jargons don't make sense. I just have a very basic understanding of a few terms.

What do you mean essentially? That if everything goes south and nothing happens like Burry predicted then the maximum amount he loses is just $18,760 ?

And if that's all that he loses then what's with the big fuss around the news as if it's almost apocalypse incoming with his bets?

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