Investor Michael Burry sold his December 2026 put options on Nvidia Corp. (NASDAQ:NVDA) and Palantir Technologies Inc. (NASDAQ:PLTR) as he pulled back on portfolio risk. Separately, the "Big Short" investor has outlined a bullish thesis for bonded European fine wine as a potential hedge against dollar debasement and technological disruption.
‘Shorting the Dollar’ Through Real Assets
Following his options reshuffle, Burry outlined a macro investment thesis focused on physical holdings, specifically “bonded fine wine,” as an alternative to paper currency and digital claims.
Writing in his Substack publication, “Shorting the Dollar by Drinking Free First Growth Bordeaux,” Burry asserted that “just about every single case of fine wine sitting in a London bonded warehouse can be a short position on the U.S. dollar.”
He pointed to the 25%-30% decline in fine-wine indices from their 2022 peak as an attractive entry point.
