Michael Burry Dumps 25% of His Semiconductor Bet Amid Brutal Tech Selloff

What happened: Michael Burry closed 25% of his put options on the VanEck Semiconductor ETF (SMH), per a Substack post, while keeping his broader bearish strategy in place. Key numbers: 25% of SMH puts closed. Options expiring in 2027. MercadoLibre (MELI) shares added below $1,500. Nasdaq Composite (COMP:IND) lost 5.5%. Why it matters: Burry reduced one of his biggest bets after a sharp decline in technology shares, though his remaining contracts have expanded into a substantial position and he is not exiting his bearish strategy. Market: +9.4% today ($441.20), +97.4% YTD, 0.6x vol — as of 15:33 UTC Verified: Q3_2026 (Nov 3) EPS $2.09 vs $1.94 est, +7.5% beat; next print ~Feb 2

Michael Burry closed 25% of his put options on the VanEck Semiconductor ETF (SMH), per a Substack post, while keeping his broader bearish strategy in place.

Burry reduced one of his biggest bets after a sharp decline in technology shares, though his remaining contracts have expanded into a substantial position and he is not exiting his bearish strategy. Market: +9.4% today ($441.20), +97.4% YTD, 0.6x vol — as of 15:33 UTC Verified: Q3_2026 (Nov 3) EPS $2.09 vs $1.94 est, +7.5% beat; next print ~Feb 2