Could this be Burry's position? ...
In a now deleted post yesterday Michael Burry announced he closed his $BABA position in favor of more $JD.
He also mentioned buying $MSFT 2028 December LEAPs in the low 700 strike range Looking at the Dec 2028 options activity... there is a fairly good chance that his position is the 705 strike calls, which saw 386 contracts traded yesterday (with the corresponding increase in OI) as well as another 513 traded this morning.
Why the other strikes are not likely to be his position:
700c: less OI than yesterday (which doesn't necessarily mean that no one could have bought any but we can rule this out)
710: 75 volume yesterday in a single candle, and OI only increased by 2. Unlikely.
715: 11 volume yesterday spread out. No change in OI.
720: 12 volume yesterday, spread out. +2 OI. Unlikely.
725: 705 volume yesterday but was part of a position being rolled.
730: the 2nd most likely contract I suppose, but 730 is the highest strike and he alludes to a low 700 strike
http://twitter.com/1200616796295847936/status/2070577838080819368
Posted Jun 26, 2026, 9:00 PM UTC