Softbank buys $4B of short-dated options on tech stocks
YOLO Softbank! News broke this week that the colorful CEO of Softbank, Masayoshi Son, has been betting big on US technology companies. According to the Wall Street Journal, Softbank’s Masa used $4Billion to buy options in US technology stocks on behalf of the Japanese telecom conglomerate.Q2 2020 hedge fund letters, conferences and moreSoftbank Buys Short-Dated Options On Tech StocksWhile the details of the trades are still speculative, AFAIK, the most popular narrative is that Softbank bought $4B of short-dated options on tech stocks, which meant that the options dealers who sold those call o...