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A comment on Privateer Holdings Hits the Jackpot with $12B Tilray Stake. Parent comment

Re:Privateer Holdings Hits the Jackpot with $12B Tilray Stake by winslow on Wednesday September 19, 2018 @02:39PM (#18026588)
Could do similar things to what Mark Cuban did to hedge his exposure of Yahoo stock after the purchase of his company. Basically shorting against your holding [1].

[1] https://www.quora.com/How-did-Mark-Cuban-save-his-wealth-fro...

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Re:Privateer Holdings Hits the Jackpot with $12B Tilray Stake by LanceH on Wednesday September 19, 2018 @03:01PM (#18026795)
It's not shorting if you're holding, it's just and option.
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Re:Privateer Holdings Hits the Jackpot with $12B Tilray Stake by nostromo on Wednesday September 19, 2018 @03:40PM (#18027093)
People use “short” as a synonym for holding a put option all the time.
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Re:Privateer Holdings Hits the Jackpot with $12B Tilray Stake by notyourday on Wednesday September 19, 2018 @04:10PM (#18027312)
Being a long on in the money PUT is called synthetic short.
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Re:Privateer Holdings Hits the Jackpot with $12B Tilray Stake by rhapsodic on Wednesday September 19, 2018 @04:07PM (#18027290)
>Could do similar things to what Mark Cuban did to hedge his exposure of Yahoo stock after the purchase of his company. Basically shorting against your holding [1].

I interpreted that article to mean that he shorted the sector (Internet) that his holding (Yahoo) was part of, but without appreciably shorting his actual holding. (less than 5% of the fund he shorted.) Had the Internet sector (and therefore the fund) went up while Yahoo went down, he could have lost from both directions.

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