Michael Burry’s Palantir Short: Anatomy of a Bearish Bet

In late 2025, Michael Burry disclosed put options on Palantir Technologies with a notional value near $912 million. He later explained the actual spend was $9.2 million for about 50,000 contracts, betting on a drop to roughly $50 by 2027.

Palantir CEO Alex Karp dismissed the short as 'bats- crazy' in November 2025.

Burry’s firm, Scion Asset Management, deregistered with the SEC in November 2025, halting mandatory 13F filings. Nonetheless, in June 2026 Burry publicly reiterated his bearish view, calling Palantir a 'sand castle' trading at 16 times intrinsic value. He also identified a head-and-shoulders pattern in the stock chart, interpreted as a reversal signal.

PLTR fell about 5-6% the following day. There is no evidence Burry has exited the trade; his ongoing commentary suggests the position remains active.