“Replaced the Micron short with puts at the June 2027 expiry and in the $500 strike price range — a bet that Micron falls sharply from its 2026 highs as the AI memory cycle breaks.”
Said Sep 28, 2026Deadline Jun 18, 2027Michael Burry, 'Trading Post September 28, 2026,' Cassandra Unchained (Substack), reported by CNBC and TipRanks, September 28, 2026
Micron traded near $1,000 in August 2026 after a ~670% run; resolves at the June 2027 expiration.