This chart breaks down Soros Fund Management’s(George Soros’s Portfolio) latest option bets, split between CALLs (green) and PUTs (red).

The portfolio shows a mix of conviction plays, hedges, and tactical rotations. Soros is leaning bullish on clean energy and big tech, while simultaneously hedging against industrials, autos, and financials. The presence of both CALLs and PUTs on the same stocks suggests he’s positioning for volatility as much as direction.