Michael Burry Doubles Nasdaq-100 Puts, Reopens Chip ETF Position

• Burry doubled his Nasdaq-100 put position and reopened VanEck semiconductor ETF puts Nov 12 • Move reverses a Nov 5 cut to chip ETF puts; options expire early 2027 • He likens Nasdaq-100's Oct 6 high to the 2000 dot-com peak, expects a correction by mid-2027 Michael Burry doubled his Nasdaq-100 put position on Nov. 12 as the index rebounded near 27,000, and reopened a put position on the VanEck semiconductor ETF, with both options exercisable in early 2027. The move reverses a Nov. 5 decision to trim his chip ETF puts by 25% while holding other bearish bets; earlier, he had shifted nearly all his bearish exposure into Nasdaq-100 and semiconductor ETF puts while keeping longer-dated bets against Palantir and Oracle. Burry compared the Nasdaq-100's Oct. 6 interim high to the 2000 internet bubble's peak, calling current AI enthusiasm a possible bull trap and forecasting a significant correction in chip and tech stocks before mid-2027.