But if the puts expire worthless, then he loses a lot of money!
I guy like that probably has a laddered put position, so it won’t happen all at once. I’d like to know what the expiration dates and the strike prices are.
Is he betting on both sides? or just this alone?
People with lots of money to protect can absorb small losses but big losses would be disastrous
Betting on one side subject you to all the risk if you are wrong.
Betting on BOTH sides and you end up losing one and winning one, and come out even (more or less)
so...Having said that, I know Soros has purposely collapsed economies in the past. Anyone know what he is up to with the rest of his money?
Stick it to Soros! Buy, buy, BUY!!! ;)
He has also been dumping money into the Ukraine....
Redistribute Soros!
When one is hedging ones bets, by covering the downside risk, and one makes big gains to the upside like we had over the last few years and especially last year.... If one is keeping ones downside hedge as a % of total assets, a gain will always result in an increase in downside betting as well.
It means his portfolio is bigger now.
From what I’ve been picking up, he’s doing exactly what he was busted for in Europe a number of years ago.......Artifically manipulating the market.
Must be nice to be able to drive down the price of stocks just before you make a major purchase.
Soros makes his money by scaring people.
He must of heard the Chinese manufacturing numbers early