"Soros Put" Rises To Record; Betting On Market Crash?

``Back in February we observed, with some surprise, when Soros Fund Management revealed in its Q4 13F that the firm had taken its bearish S&P 500 ETF -- aka SPY - put exposure to a then record $1.3 billion notional, prompting us and many others to ask if Soros was preparing for a market crash... Soros has once again increased his total SPY Put to a new record high of $2.2 billion, or nearly double the previous all time high, and a whopping 17% of his total AUM.''