SP500 Someone did a big bet…down

Posted: March 27, 2014 in Uncategorized
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Yesterday someone between 11.57am and 1.12pm bought Sp PUT  expiring May 2014.

They  bought 15,450 of these options for a total of USD200 million with a total exposure  of USD$2.8 billion!

Why?

I do not know …but there are three causes that someone like them could know.

1. Issue with US interest rates

2. China issues

3. Russia next move 

4 Something geopolitical we can’t see (thinking who can have that kind of money other than 3 above (US, China, Russia) is the Saudis and the Israelis

5. A simple protection for an immense portfolio since the SP500 is overextended in respect of the 200 SMA (but May is a bit short…looks more a speculative position

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