Michael Burry Just Did Another 'Big Short' — As Historic Chip Stock Rally Finally Snaps
Michael Burry disclosed new short positions on semiconductor stocks, purchasing January 2027 puts on the SOXX semiconductor ETF at a $330 strike price, implying a 27% drawdown. The disclosure coincided with SOXX snapping its historic 18-day winning streak with a 2% decline on Monday. Burry attributes the rally to technical factors rather than fundamentals, noting the index was trading 43% above its 200-day moving average with RSI near 85. The selloff occurred as seven semiconductor companies prepare to report earnings this week.
https://www.benzinga.com/markets/large-cap/26/04/52076753/michael-burry-big-short-chipmaker-semiconductor-soxx-puts-chip-rally-snaps?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel