Fact check: Michael Burry re-established out-of-the-money put options against Palantir this week.

Verdict: mostly true — Trust Score 75/100

The Instagram post accurately states that Michael Burry has re-established out-of-the-money put options against Palantir, with contracts expiring in March 2027, and that he argues the stock's true long-term value is under $1 per share. Burry did point to Palantir trading near 69 times sales and noted the company's off-balance-sheet infrastructure purchase commitments have more than tripled in 2026. However, Palantir's year-over-year revenue growth for the last reported quarter was 93%, not 85%, as stated in the post. This information is confirmed by 14 sources.

Platform
instagram
Source author
degenriches — see all fact-checks of this account
Original post
https://www.instagram.com/p/Db6GnxdlED_/?igsi=MTcwaGJjZmNrOTdleg==
Verified on
August 25, 2026
Verification ID
gypa-EYkG0qVVm5fhUslbg

Original content reviewed

Platform: INSTAGRAM Author: @degenriches --- Caption/Description --- Michael Burry re-established out-of-the-money puts against Palantir this week, buying March 2027 contracts and once again arguing the stock’s true value is under $1 long-term. He pointed to Palantir trading near 69 times sales and noted the company’s off-balance-sheet infrastructure purchase commitments have more than tripled in 2026. Palantir’s business has kept growing regardless, posting 85% year-over-year revenue growth last quarter, which is part of why the stock keeps setting new highs even as Burry doubles down. --- Carousel/Slides (2 items) --- Slide 1 (image): Text: Palantir MARK eke THE BIG SHORT MICHAEL BURRY OPENED A SHORT ON PALANTIR AND SAID THE STOCK IS WORTH UNDER $1 Slide 2 (image): Text: DealBook Summit -Alex Ka HE THINKS THE STOCK WILL CRASH 99%, EVEN AFTER PUMPING 40% FROM RECORD EARNINGS. Published: 2026-08-11T17:16:13.000Z ---VERIFICATION_SUMMARY--- Platform: INSTAGRAM Author: @degenriches --- Caption/Description --- Michael Burry re-established out-of-the-money puts against Palantir this week, buying March 2027 contracts and once again arguing the stock’s true value is under $1 long-term. He pointed to Palantir trading near 69 times sales and noted the company’s off-balance-sheet infrastructure purchase commitments have more than tripled in 2026. Palantir’s business has kept growing regardless, posting 85% year-over-year revenue growth last quarter, which is part of why the stock keeps setting new highs even as Burry doubles down. --- Visible Text/Media --- Two slides with text. Slide 1 features a stylized image of Michael Burry from 'The Big Short' and states he opened a short on Palantir, believing the stock is worth under $1. Slide 2 mentions Alex Kar --- Claims to Verify --- 1. Michael Burry re-established out-of-the-money put options against Palantir this week. 2. Burry bought March 2027 contracts for Palantir. 3. Burry argues Palantir's true long-term va

Claims analyzed (6)

  1. verified: Michael Burry re-established out-of-the-money put options against Palantir this week.
    Multiple financial news outlets reported in August 2026 that Michael Burry re-established a bearish position against Palantir Technologies by purchasing out-of-the-money put options.
  2. verified: Burry bought March 2027 contracts for Palantir.
    Reports from various financial news outlets confirm that Michael Burry purchased March 2027 put options on Palantir (PLTR) stock.
  3. verified: Burry argues Palantir's true long-term value is under $1 per share.
    Michael Burry, through his Substack newsletter "Cassandra Unchained," has publicly stated his belief that Palantir's intrinsic value is under $1 per share in the long run. This has been widely reported by financial news outlets.
  4. verified: Burry pointed to Palantir trading near 69 times sales.
    Michael Burry, in his "Cassandra Unchained" report, noted that Palantir was trading at nearly 69 times sales, a point highlighted by several financial news outlets reporting on his bearish stance.
  5. verified: Burry noted Palantir's off-balance-sheet infrastructure purchase commitments have more than tripled in 2026.
    Michael Burry's analysis, as reported by financial news, included the observation that Palantir's off-balance-sheet non-cancellable infrastructure purchase commitments had more than tripled in 2026.
  6. mostly true: Palantir posted 85% year-over-year revenue growth last quarter.
    Palantir Technologies reported 93% year-over-year revenue growth for the second quarter ended June 30, 2026, which was widely covered by financial news outlets. The post's figure of 85% is slightly lower than the reported 93%.

Sources consulted (15)

Related verifications

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