The Japanese conglomerate is letting its options expire, instead of maintaining its positions, the people said, who declined to speak publicly. About 90% of the contracts will close out by the end of December.
The fair value of SoftBank’s futures and options positions came to $2.7 billion at the end of September, or just 1.2% of the $292 billion in shareholdings. The positions include long call options on listed stocks worth $4.69 billion and short call options on listed stocks with negative $1.26 billion of value.
