Is Soros Recently Revealed S&P 500 Put A Bad Sign?

George Soros nearly doubled his downside protection, increasing S&P 500 (.INX) put protection in the portfolio by 154% in the fourth quarter, owning $1.3 billion worth of stock market insurance, up from $470 million, according to Friday’s 13F filings.  A put option would rise in value if the S&P 500 (.INX) were to fall in price.  The S&P dropped from an all-time high at 1850 down to 1740 in January before rebounding.  It is unknown if Soros sold his puts during this period of time, as the 13F reports are 45 days old. But is this really a sign the…