Renowned investor Michael Burry buys semiconductor ETF put options.

The prototype of the movie "The Big Short", well-known investor Michael Burry, wrote on Substack on Friday that he has established a new short position by buying put options on the iShares Semiconductor ETF. He purchased put options on SOXX with a strike price of $330 and expiration in January 2027. The Philadelphia Semiconductor Index rose for the 18th consecutive trading day on Friday, setting a record. Burry wrote: "I know the Philadelphia Semiconductor Index will fall, and so do the old semiconductor industry insiders. The current rise is more due to technical factors. The narrative of chip supply shortages is very strong at a time of large-scale expansion in data centers." He added that if he had long positions in semiconductor stocks, he would sell now. He also mentioned that he has increased his holdings in Freddie Mac and Fannie Mae stocks, and added to his position in Sprouts Farmers Market. He said his largest holdings currently include GameStop, JD.com, and Molina Healthcare, and he has further increased his stake in Molina Healthcare.