SOROS ALERT: On Aug 14, 2017 Soros Fund Management, LLC placed $42,242,000 of put options on MGM Resorts. Who owns Mandalay Bay? MGM RESORTS
That’s akin to the options on airlines before 9/11/01.
What is a ‘Put Option’
A put option is an option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a specified price within a specified time. This is the opposite of a call option, which gives the holder the right to buy shares.
BREAKING DOWN ‘Put Option’
A put option becomes more valuable as the price of the underlying stock depreciates relative to the strike price. Conversely, a put option loses its value as the underlying stock increases and the time to expiration approaches.