Ackman has purchased put options, which, in my understanding, is not surrender. | Hacker News

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ISL on Feb 28, 2018 | parent | context | favorite | on: Bill Ackman Surrenders in His Five-Year War Agains...

Ackman has purchased put options, which, in my understanding, is not surrender.

anilshanbhag on Feb 28, 2018 | [–]

That was a while ago. Today he said he closed all positions in Herbalife (stock and options).

dna_polymerase on Feb 28, 2018 | [–]

Exactly, all the did was changing the tool. He learned that the market wouldn't move as fast as he wished and now he has a position that he can actually maintain in the long run.

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