Lates News

The film "The Big Short" prototype famous investor Michael Burry wrote on Substack that he has established a new short position by buying put options on iShares Semiconductor ETF (code SOXX). He bought put options on SOXX that expire in January 2027 with a strike price of $330. 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 generation semiconductor practitioners. The current rise is more due to technical factors. The narrative of a chip supply shortage amid the massive expansion of data centers is very powerful." If he held long positions in semiconductor stocks, he would choose to sell now.