Soros 20 12 bet on the yen's decline in the form of derivatives. The yen began to depreciate sharply at the end of 20 12, and Soros easily earned 10 billion dollars in the 10% market at the beginning of 20 13. This kind of fluctuation may require ordinary investors10 billion dollars to obtain, but the risk of reverse fluctuation may also be10 billion dollars. Soros only spent about $30 million to realize this income, and through option portfolio trading, the capital has been turned over more than 30 times.
Option, also known as option, is a tradable derivative financial instrument, which determines the buyer's rights and the seller's obligations in the transaction at a specific price at a specific time in the future according to a specific commodity.
ETF option refers to the rights and obligations contract for trading open-end index funds (ETFs) to buy or sell at a specific price at a specific time in the future. The underlying ETF needs to use a basket of stocks for subscription and redemption, and its option essence is a basket of options. ETF options are similar to stock options in trading mode, so countries classify ETF options as stock options.