Michael Burry's Palantir Puts: Is He Actually Seeing Something We're Not?
Okay, so Michael Burry—yeah, that Michael Burry, the "Big Short" guy—is back to his old tricks. Dude just dropped a regulatory filing showing he's piled up five million put options on Palantir. Five. Million. Puts. On PLTR. Let that sink in. Is this guy Nostradamus or just perpetually bearish? Michael Burry Is Super-Bearish On Palantir — With 5 Million Puts - Palantir Technologies (NASDAQ:PLTR)
And he didn't stop there. He's also got a million puts on Nvidia. A MILLION. On Nvidia. The darling of the AI boom. The company whose stock has gone vertical like a SpaceX rocket. It's enough to make you spit out your coffee.
He even crawled out of whatever doomsday bunker he's been hiding in to post some cryptic Star Wars-themed BS on X, referencing an AI bubble. "These aren't the charts you are looking for." Give me a break.
Burry's been calling himself "Cassandra Unchained" lately, which is just chef's kiss levels of self-aware. For those of you who skipped Greek mythology class, Cassandra was cursed to see the future but never be believed. So, Burry's basically saying, "I'm telling you the sky is falling, but you're all too busy chasing rainbows to listen."
He's got a point, though, doesn't he? Remember when he was screaming about the "greatest speculative bubble of all time" back in 2021? Everyone laughed. Then the meme stocks crashed, crypto imploded, and suddenly Burry didn't look so crazy anymore.
But here's the thing: it's easy to be a permabear. Eventually, something crashes. The real trick is timing. And that's where Burry's track record gets a little...spotty. He's been wrong plenty of times. Remember when Elon Musk called him a "broken clock"? Ouch.
This time, he's pointing at AI, specifically at the insane capex spending and the web of deals between Nvidia, OpenAI, Oracle, and the rest of the Big Tech mafia. He's comparing it to the dot-com bubble. Is he wrong? Maybe. Maybe not. The market is irrational as hell offcourse.
Let's be real, Palantir is a weird company. Peter Thiel's baby, built on government contracts and shrouded in secrecy. They sell data analysis software that's supposed to be the next big thing. But do they actually make money? And is their tech really as revolutionary as they claim, or is it just really expensive Excel?
I mean, PLTR stock is at all-time highs. People are gobbling it up like it's the last donut in the box. But is it justified? Are investors just blinded by the AI hype? Or is Burry missing something? Is he too focused on the past to see the future?
He also bought calls on Halliburton and Pfizer, while dumping Estee Lauder and Regeneron. Okay, so what? What's the grand strategy here? Is he betting on oil and big pharma while shorting AI? Is he hedging his bets? Or is he just throwing darts at a board?
Then again, maybe I'm the crazy one here. Maybe everyone else is right, and I'm just too cynical to see the upside. Maybe Palantir is going to change the world, and Nvidia is going to power the next technological revolution. Maybe this time is different.
Look, I don't know what's going to happen. Nobody does. But Burry's bet on Palantir puts is a shot across the bow. It's a reminder that markets can be irrational, that hype can be dangerous, and that even the smartest guys in the room can be wrong. So, do your homework, be careful out there, and don't believe everything you read on the internet. Especially this.
