Michael Burry, the investor who shorted the 2008 housing crash, just disclosed a long-dated bullish bet on Microsoft. That move helped spark a rotation out of crowded chip and hardware names into software, with the Dow finishing up while the NASDAQ lagged. Mike Butler and the desk break down how they're positioning for a choppy, rotating tape with a defined-risk iron condor in the four-day cycle, and why they reach for E-mini futures over SPY when gap risk and liquidity matter. Capital efficiency and flexibility, not a big balance sheet. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 00:00 Sector rotation out of chips into software 01:15 Why Michael Burry's Microsoft bet matters 03:30 A four-day iron condor for a choppy tape 05:15 Why futures beat SPY for this trade #tastylive #mi...