‘Big Short’ Investor Michael Burry Hints Stocks Could Peak Within Nine Months, Funnels Bearish Bets Into Nasdaq and Chip Stocks ETF

The investor who famously called the 2008 housing crash is hinting that US stocks could hit a major peak within the next nine months. Michael Burry has consolidated nearly all of his bearish exposure into put options on the Nasdaq-100 index (NDX) and the VanEck Semiconductor ETF (SMH), reports 24/7 Wall St. Burry disclosed the moves on his Cassandra Unchained Substack earlier this week. A put option is a financial contract that gives the buyer the right, but not the obligation, to sell an underlying asset at a set price (strike price) by a specific expiration date. The value of a put option goes up when the market price of the underlying asset drops below the strike price His Nasdaq-100 puts expire in April of 2027, while his semiconductor ETF…

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