'Big Short' investor Michael Burry reveals fresh bets on Meta, Alibaba, and UnitedHealth

 'Big Short' 

• Michael Burry warmed to stocks last quarter, switching out bearish put options for bullish calls.
• The "Big Short" investor bet on the likes of Meta, Alibaba, and UnitedHealth.
• Burry's Scion fund owned calls on nine stocks worth a notional $522 million at the end of June.

Michael Burry bet big on stocks in the second quarter, swapping out bearish put options for bullish call options and adding several fresh holdings to his portfolio.

The investor of "The Big Short" fame revealed in a quarterly filing on Thursday that he purchased calls on Alibaba, ASML, JD.com, Estee Lauder, Lululemon, Meta, Regeneron, UnitedHealth, and VF last quarter.

Burry's Scion Asset Management also built direct stakes in Bruker, Lululemon, Regeneron, UnitedHealth, and MercadoLibre, while cutting his direct wager on Estee Lauder from 200,000 shares to 150,000.

The UnitedHealth wager is notable as Warren Buffett, one of Burry's key influences, also invested in the health insurer last quarter via his Berkshire Hathaway conglomerate.

Call options give investors the right to buy a certain number of a company's shares at a fixed price within a set period, allowing them to lock in a purchase price that may be lower than the market price. Similarly, investors can use put options to lock in a selling price, allowing them to profit from if the stock price declines.