“Covered the Nvidia short and replaced it with September 2027 puts struck in the mid-$100s — less than half Nvidia's $229 closing price — a leveraged bet that Nvidia falls sharply by September 2027.”
Said Sep 28, 2026Deadline Sep 17, 2027Michael Burry, 'Trading Post September 28, 2026,' Cassandra Unchained (Substack), reported by Stocktwits/Yahoo Finance and CNBC, September 28, 2026
Resolves at the September 2027 option expiration; distinct from Burry's earlier January 2027 $115-strike Nvidia puts.