REUTERS/Yuri Gripas
As Marketwatch reporter Barbara Kollmeyer points out, one interesting highlight from Soros' filing is that he bought a bunch of puts on the SPDR S&P 500
It's his biggest holding in the filing.
During the second quarter ended June 30, Soros held 26,157 shares of SPDR S&P 500 and 143,600 call options and 7,802,400 puts in the ETF. In the first quarter ended March 31, Soros held 17,065 shares and 2,618,700 puts of SPDR S&P 500 ETF.
What's so significant about this move is that puts are used for a downside bet.
It appears that Soros has placed a large bet through S&P 500 puts, basically giving him the right, but not the obligation, to sell them in the future.
So if the S&P 500, or the ETF which tracks the S&P 500 goes down, Soros will profit handsomely.
Keep in mind, though, these