Markets News Stocks 

Doing a Buffett? Bet on S&P 500 causes flap on options market

“Buffett’s Berkshire Hathaway sold billions of dollars in stock index options between 2004 and 2008, betting that markets would rise over the next 15 to 20 years” reports The trader sold 19,000 put options on the S&P 500 Index obligating him or her to buy the market benchmark at 2,100 on Dec. 18, 2020, data from New York-based options analytics firm Trade alert showed.Some market participants guessed the trader was likely hedging against another position rather than betting outright that stocks will rise.The market has been volatile in recent months, with the S&P finishing 2018 nearly 20 percent lower than its record high in September, although it has recovered half that ground since.

Related posts