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Michael Burry makes bearish trade on Palantir with put buys (PLTR:NASDAQ)

Michael Burry buys 2027 PLTR puts as volatility dips, warning Palantir’s lofty valuation may trigger a drop.

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Michael Burry makes bearish trade on Palantir with put buys (PLTR:NASDAQ)
Image Source: Seeking Alpha

Michael Burry buys 2027 PLTR puts as volatility dips, warning Palantir’s lofty valuation may trigger a drop.

Michael Burry makes bearish trade on Palantir with put buys (PLTR:NASDAQ) | Seeking Alpha

hapabapa/iStock Editorial via Getty Images

Investor Michael Burry has purchased March 2027 puts on Palantir (

PLTR

) with strike prices in the low-to-mid $100 range, according to his Cassandra Unchained Substack, reinforcing his bearish position on the enterprise AI software company.

Palantir shares are down around

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Original YayaNews editorial coverage, published for informational purposes.

This article is sourced from Seeking Alpha. It is for informational purposes only and does not constitute investment advice.

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