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On Friday, Burry published a Substack post laying out two specific put option positions he is carrying against the company: $50-strike puts expiring June 17, 2027, and $100-strike puts expiring Dec. 19, 2026. “I am not selling these today,” he wrote.<\/p>\n<\/div>\n
Trump’s post on Friday described Palantir as having “great warfighting capabilities and equipment.” Despite the brief recovery, Palantir stock was on track for a roughly 13% weekly decline, bringing its 2026 losses to about 28%. The stock traded at about $127 on Friday.<\/p>\n<\/div>\n
Burry argued the Trump endorsement offered only temporary support. “Trump’s post rallied the stock after the stock had fallen 18% the last three days. The stock may catch a wind here,” he wrote. “I continue to hold the puts, as I believe the fundamental value of this company is well under $50\/share.”<\/p>\n<\/div>\n
According to Burry, his initial short position was established in autumn 2025, and he has adjusted and renewed it on several occasions since then. Despite the stock’s retreat from a high of roughly $200 in the prior year, Burry characterized it as “wildly overvalued” at current levels.<\/p>\n<\/div>\n
Burry also disclosed Friday that he added to his bearish position on Nvidia $NVDA<\/a>, buying January 2027 puts with a $115 strike price at $3.30 per contract.<\/p>\n<\/div>\n Palantir‘s ties to the Trump administration have drawn attention throughout the year. Under Trump’s second term, CNBC has reported that Palantir has landed new government deals, expanded its Pentagon relationship, and seen Karp stay in close contact with administration figures.<\/p>\n<\/div>\n Burry’s short position has previously drawn a sharp response from Palantir‘s leadership. The initial disclosure of Scion Asset Management’s short positions in both Palantir and Nvidia drew a pointed reaction from Karp, who went on record describing the trades as “super weird” and “bats— crazy.”<\/p>\n<\/div>\n Earlier this month, Palantir stock fell about 8% after Burry argued in a since-deleted post on X <\/a>$TWTR<\/a> that Anthropic is capturing enterprise AI spending at Palantir‘s expense. To support that argument, Burry pointed to ARR figures showing Anthropic scaling from $9 billion to $30 billion within months \u2014 a pace he set against Palantir‘s own timeline, which he said took two decades to reach $5 billion in revenue. Central to Burry’s bear case is the view that Palantir functions more like a professional services firm than a technology product company, physically embedding engineers at client sites for extended periods rather than delivering software customers can deploy on their own.<\/p>\n<\/div>\n