Big Short’s Burry Does Big Flip-Flop, Puts All Bets on Calls

Michael Burry, best known for 'predicting and profiting' from the 2000s housing crash, decided to swap his bearish put options for bullish calls last quarter. His Scion fund went from cautious to all-in, holding nine call-optioned stocks worth a whopping $522 million, including Meta and Alibaba. From puts on Alibaba and JD.com to calls on 'Estee Lauder, Lululemon, Meta, and UnitedHealth,' Burry’s portfolio now screams commitment—or mid-life crisis. He even trimmed Estee Lauder shares from 200,000 to 150,000, because why not? Burry’s moves remind us all that 'quarterly portfolio updates...only provide a snapshot with a six-week lag,' meaning he's probably already changed his mind again.

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Source: Businessinsider | Published: 8/15/2025 | Author: Theron Mohamed