Michael Burry Buys Long-Dated Microsoft Calls, Adds to Adobe and JD
Michael Burry, the investor known from The Big Short, has purchased long-dated call options on Microsoft (MSFT) and added to his positions in Adobe (ADBE) and JD (JD), while reducing his short position on Palantir (PLTR).
Michael Burry, the investor famous for betting against the housing market in 2008, has bought long-dated call options on Microsoft (MSFT) according to a recent filing. He also added to his positions in Adobe (ADBE) and JD (JD), while trimming his short position on Palantir (PLTR).
Details
According to a filing by Burry's Scion Asset Management with the SEC, Burry purchased long-dated call options on Microsoft, reflecting his expectation of a long-term rise in the stock. He also increased his holdings in Adobe and JD, indicating confidence in these companies.
Conversely, he reduced his short bet on Palantir, which may suggest he sees less downside risk for the stock than previously thought.
Context
These moves come amid global market weakness driven by technical pressures, according to Burry. Despite this, he appears to be leaning into long-duration tech bets, signaling a positive long-term view on the technology sector.
What This Means for Investors
Burry's trades offer insight into his investment strategy but do not constitute a buy or sell recommendation. Investors are encouraged to conduct their own research before making any investment decisions.
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