SoftBank reportedly bought billions worth of high-flying tech stocks, helping propel the market’s recent record rally

SoftBank reportedly bought billions worth of high-flying tech stocks, helping propel the market’s recent record rally

  • Japan’s SoftBank Group Corp. bought $US4 billion of shares in tech companies and another $US4 billion of call options tied to roughly $US50 billion in tech stocks, according to a report from The Wall Street Journal.
  • Regulatory filings showed Softbank’s tech-stock buying activity, but did not show the options purchase.
  • Softbank sold the call options at a higher price, according to The Journal’s report.

Japan’s SoftBank Group Corp. bought and sold options for individual tech stocks worth billions of dollars, which helped propel the tech sector and broader market rally, according to a report from The Wall Street Journal.

According to regulatory filings, the Japan-based multinational conglomerate bought roughly $US4 billion of shares in tech giants like Amazon, Microsoft, and Netflix this spring.


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The filings do not mention, however, that SoftBank also spent roughly $US4 billion on call options for the tech companies it previously bought, and other names as well. Those options were tied to roughly $US50 billion in tech stocks, The Journal reported.

SoftBank sold the call options at higher prices, according to The Journal’s report.

The Journal reported that investors have been aware of the recent options activity, but did not know who was responsible for it.


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