Michael Burry Partially Closes Put Options Position on VanEck Semiconductor ETF
Investor Michael Burry has reduced his bearish position on the semiconductor sector by selling 25% of his put options held in the VanEck Semiconductor ETF (SMH). The move comes as a strategic decision to take partial profits following a significant downturn in U.S. technology stocks. The reduction in his short position suggests a tactical adjustment rather than a complete reversal of his outlook on semiconductors. By locking in gains from previous put options, Burry is managing risk amidst high volatility in the tech sector and the $59 billion semiconductor ETF.
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