Michael Burry Increases NVDA Puts, Cuts ORCL Position, Adds to DraftKings at $25 on Friday

According to Michael Burry's Substack post on Friday (July 17), the 'Big Short' investor increased his December 2026 Nvidia put position struck in the low $100s, citing high valuation and margin and earnings risks over the next five years. He trimmed his Oracle puts by half, calling the position "too big," while maintaining short exposure by retaining the remaining half.

Burry also added to his DraftKings position in the $25 range, stating that his core investment thesis remains unchanged.