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Market Incident

Public · Developing

AI compiled from Infoway · 3 analyzed stories

Michael Burry says he sold 25% of SMH puts

Michael Burry disclosed in a Substack post that he sold 25% of his put options on the VanEck Semiconductor ETF, taking partial profits during a sharp downturn in U.S. technology stocks. He said his remaining puts had become very large positions and indicated he plans to keep puts on other stocks and indexes.

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What happened

Michael Burry said he sold 25% of his put options on the VanEck Semiconductor ETF after U.S. technology shares fell sharply. He said the remaining position is very large and that he is keeping downside bets on other stocks and indexes.

Global impact / market context

Selling part of the bet locks in some gains, while keeping the rest shows he still has exposure to further falls in semiconductor shares. His other disclosed bets also remain in place, but this does not show how the broader market will move.

What to watch

  1. Check whether Burry says he changes the remaining semiconductor position; he described it as very large.
  2. Check whether he keeps or changes his puts on Palantir, Oracle, Caterpillar, and QQQ; these are the other bets disclosed.
  3. Check for further evidence about the technology-share selloff; the reported sale followed a sharp decline, but no cause or later market move is given.

Affected assets

  • Invesco QQQ Trust
  • Nasdaq Composite
  • VanEck Semiconductor ETF

Evidence