Michael Burry reaffirmed on Friday that he remains positioned against Palantir Technologies, saying he will keep the long-dated put options he has held since he began betting against the company in the fall of 2025. In a post on Substack, the investor detailed the specific option contracts he owns and stated he is not liquidating them in response to recent market moves.
"I now own the June 17 2027 Strike Price 50 Puts and the Decembers 19, 2026 Strike Price 100 Puts. I am not selling these today," Burry wrote in the post.
His remarks came after a public endorsement of Palantir by former President Donald Trump on Truth Social earlier on Friday. Trump wrote, "Palantir Technologies (PLTR) has proven to have great warfighting capabilities and equipment," adding, "Just ask our enemies!!!" The post lifted the stock off intraday lows.
Despite the intraday bounce tied to the endorsement, Palantir shares were still set for a weekly decline of about 13%, which would leave the stock down roughly 28% for 2026 to date. On Friday, Palantir traded at around $127 per share.
Burry pointed to the stock's weakening after an earlier peak near $200 last year. While he acknowledged that a short-term rally is possible, he reiterated his view on the company’s intrinsic worth.
"Trump’s post rallied the stock after the stock had fallen 18% the last three days. The stock may catch a wind here. It has been selling off with software stocks. As mentioned, I continue to hold the puts, as I believe the fundamental value of this company is well under $50/share," Burry wrote.
In his post, Burry noted he has repeatedly rolled the bearish position since initiating it in late 2025, and he emphasized that he is not selling into the recent price movement despite the endorsement-related uptick.
Contextual note: The comments and figures above reflect statements made by Michael Burry and the intraday market moves reported on the same trading day; they summarize Burry's stated option holdings, his valuation view, and the impact of the presidential social media post on the stock's intraday performance.