Short seller Jim Chanos ramped up his bet against Tesla last quarter - and placed new wagers against AMC and Trump-linked DWAC
shares to tumble, and placed wagers against a raft of meme stocks, cryptocurrency companies, and high-flying technology names last quarter.
The famed short seller's fund, Chanos & Company, held bearish put options on 5,900 Tesla shares at the end of September. It boosted that to 131,000 shares as of December 31, aPut options grant their holders the right to sell a stock at a fixed price by a certain date, and typically pay off if the stock falls in price.
Their new targets included AMC Entertainment, a favorite among meme-stock fans, and Digital World Acquisition Company, the SPAC tied to the former US president, Donald Trump. They also took aim at crypto players including Block, Coinbase, and Microstrategy; and tech upstarts such as DoorDash, Zoom, Wayfair, and Lemonade.
Chanos has repeatedly called out dangerous levels of hype surrounding many popular stocks and crypto. He
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