Update
Investor Reduces Position in Caterpillar Put Options
American investor Michael Burry, known for his early warnings about the U.S. housing market prior to the 2008 financial crisis, has reduced his position in put options on Caterpillar's stock by 75%. According to Burry, the value of the options has quadrupled before he plans to sell part of his position. Burry announced this on his blog Cassandra Unchained on November 6.