The company is letting its options expire, instead of maintaining its positions, according to the report. (https://bloom.bg/2JBIuT)
About 90% of the contracts will close out by the end of December as they are short-term, Bloomberg reported.
“This could be big news … and bad for the tech market,” Andrew Brenner, New York-based head of international fixed income at NatAlliance Securities, said in a note.
“… depends on how much you believe SoftBank was the culprit behind all the option volatility and the whale type moves,” Brenner added.
SoftBank, whose shares are up 53% so far this year, were down 0.6% in Tokyo.
The company did not immediately respond to a Reuters request for comment.
(Reporting by Aakriti Bhalla in Bengaluru; Editing by Shounak Dasgupta)