Michael Burry maintains bearish stance on Palantir, holding June 2027 $50 puts and Dec 2026 $100 puts.
Despite President Trump's endorsement, Palantir shares traded around $127, on track for a 13% weekly drop and 28% YTD loss in 2026.
Burry argues the company's intrinsic value is below $50 per share, far less than current price, and will not sell his puts.
Stock peaked near $200 last year and fell 18% over three days before Trump's post.