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home / news releases / SFTBY - SoftBank returns to tech options shopping spree - CNBC

SFTBY - SoftBank returns to tech options shopping spree - CNBC

SoftBank Group Corp ADR
Sources tell CNBC's David Faber that SoftBank ([[SFTBF]],[[SFTBY]]) might again be behind an unusual, $200M spike in call options yesterday morning.The options were for tech giants Netflix, Amazon, Facebook, and Alphabet."A number of sources in the derivative markets on major trading markets noting that significant call buying, and they all point to Softbank as being behind it," says Faber.Earlier this month, FT sources said SoftBank was making a "dangerous bet" by snapping up "huge amounts" of tech stock options. The news made SoftBank lose $12B of its market value as investors pushed for more details on the strategy.

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SoftBank returns to tech options shopping spree - CNBC
Stock Information
Company Name: SoftBank Group Corp ADR
Stock Symbol: SFTBY
Market: OTC
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