George Soros Bought $1.3 Billion Worth of Put Options on the S&P 500Submitted by RobHino on Wed, 02/26/2014 - 19:10
We are not in a recovery. What we are witnessing right now is the creation of a speculative bubble of epic proportions and that bubble is going to burst. We've been saying this for some time now, but when a major player like George Soros, a billionaire investor known for positioning himself on the right side of a risky trade starts actively betting against the U.S. stock market trouble is brewing.
Soros has recently purchased 1.3 billion dollars worth of put options on the S&P 500. Some have tried to down play this as merely hedging, but putting everything on one single position (the decline of the S&P) looks more like a calculated gamble than a conservative hedging strategy.
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