Huge bet against semiconductor stocks by 'Big Short' Michael Burry

<p>Michael Burry’s Scion Asset Management had made large plays looking for falls in the S&amp;P 500 and Nasdaq 100 earlier this year, via 2 million put options against index-tracking ETFs. According to the firm's latest quarterly filing, for Q3, those have been closed. The filing also shows that new positions have been added wagering against major chip stocks:</p><ul><li>betting against an index of semiconductor stocks, as well as the company formerly known as Priceline.com</li><li>bought 100,000 puts against shares of the iShares Semiconductor ETF XSD</li></ul><p>The semiconductor space has seen huge gains due to the artificial-intelligence boom this year, led by "Magnificent Seven" member Nvidia.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.