Michael Burry, the real - life inspiration behind the character in "The Big Short" and a figure who has garnered substantial attention due to his high - profile short positions in well - known AI stocks, recently made an announcement that sent shockwaves through the market. He stated that the Scion fund, which he oversees, has cancelled its registration with the U.S. Securities and Exchange Commission (SEC).

In addition, Burry went public with the details of his short option positions in Palantir and NVIDIA, aiming to clear up misconceptions surrounding his so - called "billion - dollar short." He disclosed that he owns 50,000 put options for Palantir. These options are set to expire on January 15, 2027, with a strike price of $50 each. He bought them at a price of $1.84 per option, bringing the total investment to $9.2 million. Moreover, he holds 10,000 put options for NVIDIA, which will expire on December 17, 2027, and have a strike price of $110. However, he did not reveal the purchase price for these NVIDIA options.