The Big Short is Back! Michael Burry Bets Massive Put Options on Nvidia and Palantir
The Big Short is back, and this time he's aiming at the AI.
Michael Burry's latest 13F shows his Scion Asset Management has purchased 50,000 put options contracts on $Palantir (PLTR.US)$ and 10,000 puts options contracts on $NVIDIA (NVDA.US)$, with notional values of $912 million and $186 million dollar respectively.
Notional exposure at roughly 66% of the portfolio in Palantir puts and 14% in Nvidia puts. Since 13F don't reveal option strikes, expirations, or premiums, so the real cash outlay is unknown and we can't infer the delta or how short he really is. Long puts are convex - small premium for potentially large downside participation. It can be cheap insurance or a directional bet.
Burry resurfaced on X and said in post: "These aren't the charts you are looking for. You can go about your business". posting visuals that scream AI bubble: cloud growth comparisons from 2018–2022 vs. today, a map of AI deal-making, and CapEx lines echoing the 1999–2000 tech spree.
Other holdings Update
Burry also acquired 60,000 call option contracts on $Halliburton (HAL.US)$ and 25,000 call contracts on $Pfizer (PFE.US)$ .
He bought 50,000 shares of $Lululemon Athletica (LULU.US)$, opened a 125,000 share position in $Molina Healthcare (MOH.US)$ , and took a 480,000 shares stake in $SLM Corp (SLM.US)$.
Burry's stance is a stress test on AI expectations, not proof the bubble pops tomorrow.
If you're heavy AI, his puts are a reminder to know your risk, your time horizon, and what would actually break your thesis.
Check out more unusual options activities on moomoo app.
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Options Strategist/CFA Charterholder/enjoy investment journey :) Learn, Trade and Earn.
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强牛 : Good
151836461 : bubble is so obvious
GOcool : not sure how to interpret this , as small trades should we also buy puts on nvdia and pltr when the market is +ve ??
ALPHA91 :
152378380 : they both my favor stocks
Middleman_chen : Every time comes to stir things up.
TAN BENG KANG : He should shot tesla if he really think AI bubble.
RocketBulldozer : Track record of loses.
He has lost money in his short attempts
152440837 : buy dip
104402563 : $Palantir (PLTR.US)$ had given me an 11-bagger win; it was time to tab out and leave a small position. It has been a great ride. All the best to everyone.
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