This chart highlights a dramatic pivot in Michael Burry options portfolio within just one quarter.

Q1 2025: Heavy PUT positions against NVIDIA (49%) and Chinese tech names like Alibaba, JD, PDD, Baidu, Trip — a clear bearish stance.

Q2 2025: Full rotation into CALL positions on U.S. healthcare (UnitedHealth, Regeneron), consumer discretionary (Lululemon, Estée Lauder, V.F. Corp), and mega‑cap tech (Meta, ASML). Notably, Alibaba and JD flipped from PUTs to CALLs, signaling a reversal in outlook.

  • scytale@piefed.zipEnglish
    1·
    12 days ago

    Can anyone ELI5? Does that mean he thinks the calls on Q2 will increase in value?

    • Cordyceps_cereal@lemmynsfw.comEnglish
      2·
      12 days ago

      In simple terms a put is like betting that the value of a stock will go down so if it goes down you make a chunk of money relative to the specifics of the put option you exercised and a call is the opposite, that you think that a stock value will go up. So basically your understanding that he thinks calls will increase is correct. (of course theres more detail to it but that’s it in broad strokes)