# Michael Burry Doubles Nasdaq-100 Puts, Reopens Chip ETF Position By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/57226 Published: 2026-11-14T05:50:20.000Z Updated: 2026-11-14T05:50:20.000Z Section: Investing > The VanEck options’ exercise timing is set for early 2027. Burry forecast a significant correction in chip and technology stocks before mid-2027. Investor Michael Burry doubled his put position on the Nasdaq-100 on Thursday, Nov. 12, as the index rebounded near 27,000. He also reopened a put position on a VanEck semiconductor ETF. The ETF options have exercise timing set for early 2027. A put gives its holder the right to sell an asset at a preset price by a specified date, making it one way to take a bearish position. The move followed Burry’s Nov. 5 decision to cut his chip ETF puts by 25% while keeping other bearish options positions. In an [earlier repositioning](), he had moved nearly all his bearish exposure into Nasdaq-100 and VanEck semiconductor ETF puts while keeping longer-dated positions tied to Palantir and Oracle. Burry compared the Nasdaq-100’s Oct. 6 interim high with the peak of the 2000 internet bubble. He said AI enthusiasm may be forming a bull trap and forecast a significant correction in chip and technology stocks before mid-2027. ## Links in this article - [earlier repositioning](https://www.tokenpost.com/news/investing/32910)