I'm not saying he's wrong, but the article is misleading. The massive squeeze didn't happen until late January, and Michael had sold his position by the end of December. So although he was right/made a profit, he didn't make a killing from the huge squeeze that made the news.

and he was nearly too early in "the big short" as well.

and buying puts integrates the timing directly into whether or not you're right. so if he's too early again, he'll be wrong.

"That's the same thing"

That was a great little scene in that movie, Lawrence's advisor buddy made the most of his 4 or 5 lines of dialogue.

https://www.youtube.com/watch?v=pLLgNi5UmB0 (4 minute clip from the movie, warning, spicy language gets used when rich dudes worry they might end up a little less rich.)