The portfolio shift includes acquiring September 2027 put options for Nvidia in the mid-$100s, June Micron puts around $500, and December 2027 puts for Oracle. Burry also increased his bearish stance on the Nasdaq 100 and opened a new position against MetLife using long-dated puts in the $70s. While tax-loss harvesting motivated some changes, the investor has also exited short positions in CoreWeave and the SOXX semiconductor ETF, though he continues to seek attractive puts for CoreWeave.
Tuesday, October 20, 2026
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Michael Burry Bets on Faster AI Bubble Burst Using Put Options
US Markets22 days ago
Recent research has led investor Michael Burry to increase the leverage of his bearish wagers against the technology sector's overvaluation. Burry now believes the artificial intelligence bubble may burst "sooner than later," prompting him to replace nearly all of his common stock short positions with put options to heighten the impact of his trades.
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