(Bloomberg) — A report that SoftBank Group Corp. is making billions by using options to bet on technology stocks has stirred speculation the Japanese bank could have been a driving force behind the rally — but not everyone is convinced.Evidence suggests the kind of strategies pursued by institutions like SoftBank have a minimal effect on stock-market volatility, according to Benn Eifert, chief investment officer of hedge fund QVR Advisors. Citing commentary from derivatives trading desks, he said the real power is being wielded by day traders buying enormous amounts of call options on tech stocks. Eifert’s analysis speaks to a …read more
Source:: Yahoo Finance
