Skip to comments.Soros doubles a bearish bet on the S&P 500, to the tune of $1.3 billion
Posted on 02/18/2014 4:30:02 AM PST by Red in Blue PA
Soros Fund Management has doubled up a bet that the S&P 500 SPX is headed for a fall.
Within Fridays 13F filings news was the revelation that the firm, founded by legendary investor George Soros, increased a put position on the S&P 500 ETF SPY +0.10% by a whopping 154% in the fourth quarter, compared with the third. (A put or short position basically gives the owner the right to sell a security at a set price for a limited time, and in making such a bet, an investor generally believes the security is going to decline.)
(Excerpt) Read more at blogs.marketwatch.com ...
That’s why they are Billionaires - they leverage their money, then cash in when everyone is cashing out.
No accountability? Then, just like the IRS'
and Obama's utter corruption, IT WILL HAPPEN AGAIN.
He filed a form showing exactly what position he took....everyone can see it. Some choose to ignore it.
What is the duration of this put? He will lose his entire investment if it expires worthless.
They're such big fish that they can't slip into and out of markets without making some huge waves like we minnows can. Very interesting information, but caveat emptor!
Buffet doesn’t generally get out. He gets in and holds forever
Smart investment: he bought the White House for the most maliciously destructive America-hater in history, and now he’s betting that his puppet will further damage our country. I suspect he’ll profit on what is pretty much a sure thing.
I hpe he gets Trading Placed Akroy and Murphy style
Some people become detached from reality and get a god complex when they have too much money. Soros is one of them. If he believes in true redistribution of wealth he should start the ball rolling first but we know elites like to manipulate not participate so it ain’t happenin’
Where does all of his money go? And who will take his place?
Soros saw the line graph paralleling the 1929 crash.
April is the month supposedly.
Why do you think he loves Obama? The destruction of America makes him fortunes.
Pray America wakes up
Soros makes his money by scaring people.
Party at my house!!!!!!!!!!!!!!!
Not saying whether they still have that position, i have no idea but its important to understand the news is pretty dated as markets go, its 6 weeks old right? Its incredibly liquid so it could very well already be gone or long, we don’t know. Second they are used for hedging. They can offset long positions in stocks. If thats the case its totally misrepresenting the position.
More and more i see made up news stories. Take an isolated fact and spin it any which way you want. Not you of course but the bloggers, the writers. In this case we have a solitary position in a security which without other facts not to mention how dated it is, is meaningless.
Even an isolated bet is significant if it is as large as $1.3 Billion, as puts have a finite life and will expire worthless.
To make such a big bet one would need supreme confidence that the S&P will tank in the near future. And Soros did not get rich by making bad bets.
That’s the attitude. Great job!
No. Its a 4th quarter position. You’re making a mistake calling it a bet. The writer knows better. He may state its a bet but he has no idea.
The average volume is 122 million btw. the average price over 12 months has been 168.61. The average daily volume, right up until now, in dollars is $22.5 billion. Just to put that in perspective.