AI
Wednesday, February 19, 2014 1:34:27 PM
George Soros Doubles Down on Bearish Bet
http://blogs.wsj.com/moneybeat/2014/02/18/george-soros-doubles-down-on-bearish-bet/
Mr. Soros held put options linked to 7.1 million shares of SPY as of Dec. 31, compared to about 2.8 million shares at the end of the third quarter,
Mr. Soros’s increased bearish bet came as the S&P 500 soared in the fourth quarter and finished the year up 30%. Stocks started 2014 on a sour note, with the S&P 500 tumbling 5.8% from mid-January through early February. The market has recovered in recent weeks and currently sits less than 1% off its all-time high.
It’s unclear whether Mr. Soros changed his position at any point this year as the most recent regulatory filing, published late Friday, accounted for positions reported during the final three months of 2013.
http://blogs.wsj.com/moneybeat/2014/02/18/george-soros-doubles-down-on-bearish-bet/
Mr. Soros held put options linked to 7.1 million shares of SPY as of Dec. 31, compared to about 2.8 million shares at the end of the third quarter,
Mr. Soros’s increased bearish bet came as the S&P 500 soared in the fourth quarter and finished the year up 30%. Stocks started 2014 on a sour note, with the S&P 500 tumbling 5.8% from mid-January through early February. The market has recovered in recent weeks and currently sits less than 1% off its all-time high.
It’s unclear whether Mr. Soros changed his position at any point this year as the most recent regulatory filing, published late Friday, accounted for positions reported during the final three months of 2013.
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