In short
Burry bought a call option on Nvidia with a December expiration date, while simultaneously increasing his short position in Nvidia.
His total short position in stocks is now over 21% of his portfolio.
Burry claims that Nvidia’s theoretical value is lower than its market price.
Read the original article Michael Burry takes a short position in this AI giant, and then buys call options as a hedge: why? by Darryn Pollock on pl.beincrypto.com