Soros Put Position

I see a red door
And I want it painted black
No colors anymore
I want them to turn black
--Rolling Stones

Hard not to raise an eyebrow at George Soros' position in S&P 500 index puts. While it oscillates from quarter to quarter, Soros has been increasing his put position, particularly over the past year.

In the most recent reported quarter, the position was $2.2 billion large, which equates to about 17% of assets under management.

Why Soros has been increasing this bearish bet, which of course, can be construed as a downside hedge against other other positions, is unknown.

position in SPX