Michael Burry's Beauty Bet: $40 Million In Estée Lauder Options

Michael Burry, the renowned investor who inspired "The Big Short," made new portfolio moves in luxury beauty giant Estée Lauder Companies, Inc. (NYSE:EL) in the second quarter. 

EL stock is up 21% year-to-date. Check out the chart here. 

Burry's Beauty Bet

According to Scion Asset Management's latest filing, Burry's firm sold a portion of his shares in Estée Lauder while simultaneously acquiring bullish call options on the same company.

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Earlier in 2025, Estée ...