Michael Burry sells 25% of semiconductor ETF put options

Michael Burry disclosed on December 5 that he sold 25% of his VanEck Semiconductor ETF (SMH) put option position, a partial exit that does not represent a quarter of his ETF shares or total portfolio. Crypto Briefing, which reported the disclosure, characterized the remaining put position as still very large. Burry also holds puts on Palantir ($PLTR), Oracle ($ORCL), Caterpillar ($CAT), and the Nasdaq 100-tracking QQQ, according to the report. The sale matters because Burry's bearish semiconductor bet is among the most closely watched positioning signals in the market, and the reduced but sizable stake suggests he retains meaningful downside exposure. What to watch next is whether Burry trims the position further or extends bearish bets to the other names disclosed.