# Michael Burry Moves Nearly All Bearish Bets Into Nasdaq-100 and Chip ETF Puts By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/32910 Published: 2026-10-16T00:48:10.000Z Updated: 2026-10-16T00:48:10.000Z Section: Investing > His Nasdaq-100 puts expire in April 2027 and VanEck Semiconductor ETF puts in June, before the nine-month window he cited for a possible market peak extends into July. Investor Michael Burry has shifted nearly all of his bearish exposure into puts on the Nasdaq-100 index (NDX) and VanEck Semiconductor ETF (SMH), while keeping longer-dated positions tied to Palantir Technologies and Oracle. Separately, Burry has indicated that U.S. stocks could reach a major peak within nine months. Counting from October, that horizon extends into July 2027, after both sets of puts expire. A put option gives its holder the choice to sell an asset at a set strike price by a specified expiration date. The contracts therefore do not cover the full period in which Burry has framed a possible market peak. The Nasdaq-100 puts expire in April 2027, while the SMH contracts run through June. Burry is closing his other bearish positions. The shift follows [his earlier move to bring forward his market timeline](). ## Links in this article - [his earlier move to bring forward his market timeline](https://www.tokenpost.com/news/investing/26663)