This point you make here about 1 option controlling 100 shares of stock, I have been wondering if someone might put 1,350,000 shares on the 13 F form, instead of 1,350,000 contracts, which would be for 135,000,000 shares.
If caught in a discrepancy there could they then say they made a mistake putting down the number of contracts instead of shares.
Haven’t checked the listed outstanding interest in puts on the stock.
It would help if we knew the strike price and expiration date on these options.
Then we could check the outstanding puts and see what percentage of them were held by this Soros Fund.
Also could Soros have other entities and investment vehicles that bought puts in MGM?
I doubt its a misprint. The guy is a multi-billionaire. He can make millions on very small price moves.
Its hard to say what strategy he is using. The form doesn’t indicate if he was selling or buying, the type of put/cal, expiration date or strike price.
He also executed an order for Ceasars. From what I can see, the shares he trades are fairly popular for option trading.
I’m betting there was a technical indicator these trades were based on.