“Big Short” investor Michael Burry pushes back against reports that overstated the size of his latest bearish bet on Palantir (PLTR), calling out major news outlets for misreporting the cost of the trade.
In a fresh post on X, the controversial short seller says media coverage inflated the wager almost a hundredfold, turning what he described as a seven-figure position into a headline-grabbing nine-figure bet.
Burry lays out the math himself, saying the trade involved 50,000 contracts at less than $2 each, with each contract controlling 100 shares of Palantir.
“So, I bought 50,000 of these things for $1.84. Each of those things is 100 doodads. So I spent $9,200,000, not $912,000,000: CNBC, WSJ, FT.”
A Q3 2025 13F filing of Burry’s Scion Asset Management shows that the firm held $912.1 million in PLTR puts and $186.58 million in Nvidia (NVDA) puts. The bets indicate that Burry is expecting the AI trade to collapse.
Burry also highlights that the put options are long dated, suggesting that he has the luxury of time for the bearish wager to play out.
“Each of those doodads let me sell PLTR at $50 in 2027. That was done last month.
On to much better things Nov 25th.”
Yesterday, Burry posted on X that he might be early on betting against the AI trade, but that doesn’t mean he’s wrong.
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