Need some context before this is interesting... Is this unusual for him or does he write puts on this holding often?
Soros has made billions by selling short.
Normally he shorts currencies of countries.
Freedom of Speech Wins, good catch. But yes, context is needed in form of a little statistical data gathering.
Soros has a trading floor in Cayman Islands about 90 miles south of Havana, Cuba. Trading floor has dozens of traders linked to other trading floors worldwide.
This may be a usual hedge bet or may be an insider trade. It may be that it has nothing to do with the massacre, but then maybe it does.
It strongly points to an insider trade because the CEO of MGM sold off, without explanation, a lot of his stock or options in the same time frame.
If the put trade was keyed to CEO selloff, then it’s just a bet on that and is perfectly legit.
If the put trade preceded the CEO selloff, then it stinks and could very well be illegal insider trading.
To link it to the massacre requires knowledge that the premeditated massacre was made known to Soros trading or to MGM principals and then to Soros trading.
The 13 F linked shows all the positions of that Fund. There weren’t many option positiins and there were only two put positions for over 1,000,000 shares in stock. Valeant Pharmaceuticals was the other one.