Michael Burry Clears The Air On Math Behind His Palantir Options Bet, Teases New Move After Shutting Down Hedge Fund

Investor Michael Burry sought to clarify certain misconceptions about his latest options bet against Palantir Technologies Inc. (NASDAQ:PLTR), after details of the position were widely misinterpreted in media reports.

Burry Unveils True Size of His Position

On Thursday, in a post on X, "The Big Short" investor spelled out the math behind his latest bet, after several media outlets appeared to overstate his total exposure.

"So, I bought 50,000 of these things for $1.84," he said, referring to 50,000 put option contracts on Palantir, with each contract having 100 shares, which are set to expire in 2027 with a strike price of $50. They cost...